In Stand Retail,the Key Success Factor for a Stand Is

question 3

Multiple Choice

In stand retail,the key success factor for a stand is:

• A) having a location where there is enough foot or vehicle traffic.
• B) having a variable income.
• C) having nonperishable sale items.
• D) sharing with other businesses to minimize the high rent.

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Definitions:

FA

A statistical method, factor analysis, used to describe variability among observed, correlated variables.

Reject

In statistical analysis, the act of not accepting a hypothesis based on the evidence from data.

H0

Symbol for the null hypothesis, indicating the hypothesis that there is no effect or no difference, and any observed effect is due to chance.

Reject

In statistical testing, to dismiss the null hypothesis based on evidence that supports the alternative hypothesis.