Which of the Following Is/are Among the Forces That Shape

question 285

Multiple Choice

Which of the following is/are among the forces that shape the direct market environment?

• A)competitors
• B)economic environment
• C)demographic trends
• D)technological environment
• E)cultural environment

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Definitions:

Price Per Barrel

The cost for a barrel of commodities such as oil or beer, typically used to measure large quantities.

Least Squares Regression

A statistical method used to determine the best-fitting line through a set of data points by minimizing the sum of the squares of the vertical distances of the points from the line.

Correlation Analysis

The statistical technique used to determine the degree to which two or more quantitative variables are related to one another.

Independent Variable

A variable that is manipulated or classified in an experiment or study to observe its effect on the dependent variable.