Which of the Following Is not a Step Required to Perform

question 32

Multiple Choice

Which of the following is not a step required to perform a simulation with RSPE?

• A) Define the uncertain variable cells.
• B) Define the results cells to forecast.
• C) Set the simulation options.
• D) Develop the spreadsheet model.
• E) All are steps required to perform a simulation with RSPE.

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Definitions:

80/20 Rule

A principle asserting that 80% of outcomes come from 20% of all causes for any given event.

Basis of Segmentation

The criteria or variables used to divide a market into distinct groups of buyers based on their needs, characteristics, or behavior.

Behavioral

Pertaining to the actions or reactions of a person or animal in response to external or internal stimuli.

Market-product Grid

A matrix that helps companies analyze their product lines and markets to identify opportunities for expansion, diversification, or concentration.