If a Company Identifies Its Competitors from an Industry Point

question 26

Multiple Choice

If a company identifies its competitors from an industry point of view, it must understand ________ if it hopes to be an effective player in that industry.

• A) the trends in the industry
• B) the primary customers
• C) the impact of technological changes
• D) the potential customers
• E) the competitive patterns

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Definitions:

SRS

Stands for Simple Random Sample, a sampling method where each member of the population has an equal chance of being selected.

Confidence Interval

A range of values derived from sample data that is believed, with a certain level of confidence, to contain the true value of the population parameter.

Population Proportions

The fraction or percentage of items in a particular category within the entire population.

Parents

In genetics, the organisms that give rise to offspring, but in programming (especially object-oriented programming), it refers to the superior or controlling classes in hierarchical relationships.