What Is a Vertical Marketing System (VMS)? What Are the Various

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Essay

What is a vertical marketing system (VMS)? What are the various types of VMSs?

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Definitions:

Variation

Variation refers to the differences in characteristics or traits among individuals within a population, arising from genetic diversity or environmental factors.

Standard Deviation

A statistical measurement that quantifies the variation or dispersion of a set of data values from the mean.

Range

In statistics, range refers to the difference between the highest and lowest values in a dataset, indicating the dataset's spread.

Arithmetic Average

The average of a set of numbers, determined by adding them together and then dividing by the total quantity of numbers in the set.