The Two Strength Factors That Relate to All Three Competitive

question 86

Multiple Choice

The two strength factors that relate to all three competitive forces are ________ and customer loyalty.

• A)customer satisfaction
• B)switching costs
• C)nature of products
• D)employee unions

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Definitions:

Quartile

A statistical term describing each of four equal groups that a data set can be divided into based on distribution.

Median

The value separating the higher half from the lower half of a data sample or probability distribution.

Positively Skewed Distribution

A distribution where the tail is longer on the right side of the peak, indicating that most data points are on the left.

Interquartile Range

A measure of statistical dispersion, represented by the difference between the 25th and 75th percentiles of a dataset.