A cosmetics company observed that retail sales of a particular product fell in three consecutive years after a 5% price increase in 2016. The company did not study any other factors that could have affected sales, and, decided to reduce prices by 3%, going forward. What is this type of conclusion or deduction termed in research studies?

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The Answer of A cosmetics company observed that retail sales of a particular product fell in three consecutive years after a 5% price increase in 2016. The company did not study any other factors that could have affected sales, and, decided to reduce prices by 3%, going forward. What is this type of conclusion or deduction termed in research studies?

A Cosmetics Company Observed That Retail Sales of a Particular