Which of the Following Is a Benefit of a Written

question 19

Multiple Choice

Which of the following is a benefit of a written data analysis plan?

• A) It points out weaknesses in the data and assists the rectification of such weaknesses.
• B) It lists the tools, methods, and techniques to be used during data analysis.
• C) It forces the analyst to explicitly consider constraints.
• D) It helps the analyst to identify data that is relevant and important.

---

Definitions:

Pricing Power

The ability of a company or an entity to dictate the price of its goods or services without losing market share to competitors.

Elasticities of Demand

Refers to various measures of how the quantity demanded of a good responds to changes in prices, income, or other goods' prices.

Segregate Market

The practice of dividing or separating markets into sections or categories based on consumer demographics, behaviors, or other characteristics.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price, with elasticity referring to the degree of responsiveness.