Answer:
it has flexibility in setting prices of its products.
The characteristic exhibited by the data point on a control chart that falls above the upper control limit is known as a <u>special cause variation</u><u>.</u>
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<h3>What is a special cause variation?</h3>
In statistics, a special cause variation refers to a shift in output caused by a specific factor like environmental factors, input parameters etc
In conclusion, the characteristic exhibited by the data point on a control chart that falls above the upper control limit is known as a <u>special cause variation
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Read more about special cause variation
<em>brainly.com/question/17333354</em>
Answer:
D. Shoes Cult has a competitive advantage over Aros.
Explanation:
Competitive advantage is defined as the advantage an entity has when they are able to produce a good at cost that is lower than the cost incurred by other parties in the same industry. This results in higher profit margins for businesses that have low production cost.
In this scenario Aros produces shoes for $20 while Shoes Cult produces the same shoes for $22. They both have the same price ceiling of $30.
Aros has competitive advantage over Shoes Cult because they produce at a lower cost and make more profit than Shoes Cult.
Assume they both sell at the maximum price. Profit for Aros= 30- 20=$10
Profit for Shoes Cult= 30-22= $8
The data iuse
<span>use a 5% level of significance.
Very yes</span>
