D&B Designs Has Been in the Landscape Design Business in Pleasantville

question 1

Multiple Choice

D&B Designs has been in the landscape design business in Pleasantville for the past 20 years. As the "first mover" in the market, the company has built a strong market share over the years and is the best-known firm in the area. The company strength increased steadily, and now stands at 50 employees. Which of the following, if true, would make the company's business environment more uncertain?

• A) Homeowners in the area take pride in their gardens and are avid do-it-yourself gardeners.
• B) Demand for landscaping services dips every autumn and winter.
• C) A long-time competitor quit the landscape design business last year.
• D) Zoning laws in the area change as each new city council comes into power.
• E) A new housing development is being built in town.

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Definitions:

Mean Purchase

The average value or amount of purchases made over a specific period of time.

Probability

The likelihood or chance of an event occurring.

Sample Size

The number of observations or data points that are selected from a population for the purposes of statistical analysis.

Sample Size

The number of observations or data points collected in a sample for the purpose of analysis.