A channel system should enhance customer value by increasing customer benefits, lowering customer cost of purchase, or both

Indicate whether the statement is true or false

Ans: True

Business

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The only classifications used for descriptive studies are in the following three categories: 1 ) sales, 2 ) consumer perception, and 3 ) behavior studies

Indicate whether the statement is true or false

Business

The diameters of ball bearings produced in a manufacturing process can be described using a

uniform distribution over the interval 8.5 to 10.5 millimeters. Any ball bearing with a diameter of over 10.25 millimeters or under 8.75 millimeters is considered defective. What is the probability that a randomly selected ball bearing is defective? A) .25 B) 0 C) .50 D) .75

Business