Two Measurements Are Given $\$ 2.9$ Million
Relative Difference $2.7 \%$ B) Absolute Difference

question 46

Multiple Choice

Two measurements are given. Find the absolute difference and then find the relative difference as a percentage. Assumethat the first quantity is the compared value and the second quantity is the reference value. Round answers to the nearesttenth if necessary.
-Last year the total revenue for Clearline phone company was $13.7 million while the revenue for its competitor, the Speakmore was $10.8 million.

• A) Absolute difference: \(\$ 2.9\) million
• Relative difference: \(2.7 \%\)
• B) Absolute difference: \(\$ 2.9\) million
• Relative difference: \(21.2 \%\)
• C) Absolute difference: \(\$ 2.9\) million
• Relative difference: \(26.9 \%\)
• D) Absolute difference: \(\$ - 2.9\) million
• Relative difference: \(- 21.2 \%\)

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Definitions:

Store's Image

The public perception or identity of a retail store, shaped by its aesthetics, branding, and consumer experiences.

Corporation

A legal entity that is separate and distinct from its owners, characterized by limited liability, perpetual succession, and the ability to raise capital through issuing shares.

Product Categories

Groupings of products based on similarities in function, customer needs, or industry.

Merchandise Quality

Merchandise Quality pertains to the degree to which a product meets the standards and expectations of its consumers in terms of durability, reliability, and performance.