What Types of Operations Are Small Neighbourhood Florists, Shoe Stores

question 118

Multiple Choice

What types of operations are small neighbourhood florists, shoe stores, and ethnic food markets most likely to be?

• A)franchise outlets
• B)membership clubs
• C)chain stores
• D)independent retailers

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Definitions:

Frequencies

The number of times a particular data point appears in a set of data.

Nominal Variable

A variable used in statistics to label or categorize without a natural order or ranking.

Interval

A range of values between two points, often used in mathematics and statistics to denote a specific span of numbers.

Time-series Data

Data that consists of sequence of values or events obtained over successive times, often analyzed to understand trends, cycles, or predictions.