When a Company Focuses All of Its Efforts Aimed at Consumers

question 18

Short Answer

When a company focuses all of its efforts aimed at consumers based on its technical superiority in product design and features,this company is said to be ____________________- oriented.

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Definitions:

Null Hypothesis

A default hypothesis that there is no effect or no difference, and it is assumed true until evidence indicates otherwise.

Significant Change

A statistical term used to describe a change in data that is likely not due to random chance alone.

Expected Cell Count

In contingency table analysis, the theoretical number of observations that are expected in each cell of the table under the assumption of independence.

Test Statistic

A standardized value used in statistical hypothesis testing to determine whether to reject the null hypothesis.