A Company Uses _____ When It Focuses on Pockets of Demand

question 68

Multiple Choice

A company uses _____ when it focuses on pockets of demand that are declining more slowly than the industry as a whole to maintain profitability.

• A) acquisition strategy
• B) chaining
• C) divestment strategy
• D) niche strategy
• E) franchising

---

Definitions:

Population Parameter

A population parameter is a numerical value that summarizes or describes a characteristic of the entire population, such as mean, variance, or standard deviation.

Sample Proportion

The fraction of units in a sample that possesses a particular attribute or characteristic.

Population Proportion

The ratio of individuals in a subgroup of a population to the total population, often expressed as a percentage.

Variance

A measure of the dispersion or spread of a set of data points around their mean (average) value, indicating how far the data points are from the mean.