Variables can be measured and can vary, while constants do not change. In science experiments, variables are grouped as discrete or continuous. Discrete variables have a limited number of values, while continuous variables have an infinite number. Both types of variables can be independent or dependent in an experiment. An example of an independent variable […]
Dependent variables are influenced by other phenomena and are measured in experiments. Independent variables are manipulated by the experimenter to test predictions. Multiple dependent variables can be changed by manipulating the independent variable. Caution is advised when identifying variables in statistical analysis. Dependent variables are observable phenomena that are influenced by other phenomena. In one […]
The macroeconomy can be classified into three themes: GDP, inflation, and unemployment. GDP is the sum of all productivity within a country for a given year, inflation is the rate at which prices rise over time, and unemployment calculates the number of residents who are not currently employed. These factors are influenced by government regulations, […]
The marketing mix consists of the Four Ps: product, price, promotion, and positioning. Each can be modified to meet the needs of the target market. The product, price, promotion, and place must be designed to offer customer benefits. Integrated marketing delivers a unified message. The marketing mix is a way of looking at the elements […]
