The First Step in Developing a Sample Plan Is To

question 13

Multiple Choice

The first step in developing a sample plan is to:

• A)obtain a listing of the population.
• B)define the relevant population.
• C)design the method.
• D)access the population.
• E)ask the manager how many people the sample should include.

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Definitions:

Geographical Groupings

The classification of areas or locations based on shared geographical, cultural, or administrative traits, often used in data analysis and marketing strategies.

Market-Based Groupings

Classification of markets, products, or customers based on shared characteristics or behaviors in a commercial context.

Market-Based Groupings

Classification of customers or products based on market-related factors such as geographic location, customer type, or product usage, allowing for targeted marketing strategies.

Customer Segments

Groups of potential customers categorized based on similar needs, characteristics, or behaviors, targeted in marketing.