What conclusion can be drawn from the above data? Which steps the manager of the company can take?
What will be an ideal response?
Answer: The company managers may decide to strictly enforce its volume-based price discounting policy. The company may also require its salespeople to obtain approval for giving large discounts to customers who do not normally qualify for them. In addition, the company could track future sales to customers who have received sizable price discounts on the basis of their "high growth potential." For example, managers should track future sales to Customer C to see if the $100-per-computer discount translates into higher future sales.
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In a ___________, data are obtained from or about every member of the population of interest, while in a ______________, information is obtained from or about a part of the population and used to make estimates about various characteristics of the total population.
a. Sample, census b. Sample, study c. Census, sample d. Census, study
A market-based management business gives its dissatisfied customers as much attention as its "very satisfied" customers
Indicate whether the statement is true or false