Added value

Added value is a subjective term, which could be defined as the element that contributes to the end customer choosing our service or product instead of the competition. This added value must provide a benefit to the consumer, answering the question why the customer chooses our article over another. Therefore, we must carry out a … Read more

What is a Statistical Variable?

The statistical variable is a characteristic or quality that an individual in a population possesses statistics and that it is prone to acquire certain values, which can be measured and are, for example, age, height, weight, etc. Types of statistical variables There are different types of statistical variables that are classified according to the characteristics … Read more

What is the market value?

Market value is a term that represents the value of an item used at a given time. Usually the term market value is used in the sale of vehicles. To refer to market value who owns a used vehicle when it is put up for sale. The use of this term is also common in … Read more