Question detail
MetroMove serves business clients while changing promotion; the case evidence includes supplier lead time of ?2,297, sales of 557 units, and a 34% change in costs or demand. Which option best applies Interpret market data, including market share and changes in costs and prices?
Try the question, check the answer, then read the explanation to understand the curriculum point.
At a glance
MCQ
Type
practice
Style
Topic
Quantitative skills in business
Question
- A. Use market share, prices, costs to judge customer retention, local community impact, and the business objective in Interpretation requirements.
- B. Give only a definition of Quantitative skills in business without using the case evidence.
- C. Treat margin and markup as identical and ignore the effect on local community.
- D. Choose the largest sales figure without checking costs, finance, or context.
Answer
The correct option is: Use market share, prices, costs to judge customer retention, local community impact, and the business objective in Interpretation requirements.
Explanation
The answer is commercially strongest because Use market share, prices, costs to judge customer retention, local community impact, and the business objective in Interpretation requirements. The case evidence gives ?3,797, 557 units, and 34%, so the answer must explain the commercial effect rather than repeat a definition. The distractors are weaker because they confuse margin and markup, miss the local community, or ignore the business objective.
Common mistake
Interpretation requirements common mistake 1
Giving a vague answer instead of directly addressing: Interpret market data, including market share and changes in costs and prices..
Answer by clearly explaining how to interpret market data, including market share and changes in costs and prices..
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