Why Would Data Need to Be Collected Prior to Conducting

question 19

Essay

Why would data need to be collected prior to conducting a simulation?

---

Definitions:

Market Entry

The strategy or process of introducing new products or services into a market, considering factors like competition and regulatory environment.

Sales Per Square Foot

A retail metric that measures the amount of revenue a business generates for every square foot of sales space, indicating efficiency and productivity.

Retail Space

The area or premises used for the selling of goods to the public, including stores, malls, and online marketplaces.

Boston Pizza

A Canadian-based chain of restaurants that specializes in pizza, pasta, and a variety of other casual dining menu items.