Which of the Following Is the Best Example of Product

question 31

Multiple Choice

Which of the following is the best example of product differentiation?

• A) A cookie manufacturer introduces a new variant of cookies for Halloween.
• B) A firm that sells printers starts a new manufacturing unit to manufacture printer cartridges.
• C) A firm that produces laptops introduces a new line of tablet personal computers.
• D) A leading women's fashion house introduces a line of men's clothing.
• E) A supermarket introduces a range of pre-packaged salads.

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Definitions:

Consistent Estimator

A statistical property where an estimator of a parameter tends to converge to the true parameter value as the sample size increases.

Variance

A measure of variability that quantifies the spread of a set of data points around the mean.

Confidence Level

The probability or degree of certainty that a confidence interval would contain the true population parameter if the same procedure were repeated multiple times.

Confidence Interval

A range of values, derived from sample statistics, that is believed to contain the true population parameter with a specified level of confidence.