Determine Whether the Given Value

question 78

Multiple Choice

Determine whether the given value.
-A sample of 120 employees of a company is selected, and the average age is found to be 37 years.

• A)Parameter
• B)Statistic

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Definitions:

Market Penetration

An indicator of how much a product or service has been sold or used, in relation to the overall potential market for it.

Positioning

The process of establishing a brand or product in the mind of consumers by differentiating it from competitors through marketing strategies.

Market Summary

An overview of the current state of the market, including trends, stock movements, and significant events affecting the market.

Direct Competitors

Businesses offering the exact or highly similar products or services as another business in the same market.