A Company Would Most Likely Use Gap Analysis to ________

question 46

Multiple Choice

A company would most likely use gap analysis to ________.

• A)estimate market potential over a business cycle
• B)compare sales over time
• C)compare consumption potential with its own sales
• D)determine the best market niches to target

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Definitions:

Variability

The degree to which data points in a statistical distribution or dataset differ from each other and from the average.

Standard Deviation

A measure of the dispersion or variation in a set of numbers, indicating how spread out the values are from the mean.

Measure of Central Tendency

A statistical tool used to identify the center of a data set, commonly represented by the mean, median, or mode.

Mode

The most frequently occurring value in a set of data or distribution in statistics.