A Fishbone Diagram Is Another Name for A

question 115

Multiple Choice

A fishbone diagram is another name for a?

• A) Cause-and-effect diagram
• B) Boxplot diagram
• C) Check sheet diagram
• D) Roundtable diagram

---

Definitions:

Market Power

The ability of a company or entity to influence the price and output levels in a market.

Elasticity Of Demand

A measure of how much the quantity demanded of a good changes in response to a change in its price.

Mark-Up

A percentage added to the cost price to determine the selling price.

Elasticity Of Demand

This metric indicates the reaction of the quantity of a product demanded by consumers to shifts in its price, expressed as the ratio of the percentage change in demand to the percentage change in the product's price.