Explain the Use of Sales Promotions as a Promotion Mix

question 16

Essay

Explain the use of sales promotions as a promotion mix tool.

Compute probabilities using the classical, relative frequency, and subjective methods.

Determine the probability of conjunction and disjunction of events.

Understand the independence of trials in probability experiments.

Calculate the probability of an event based on conditional probabilities and historical data.

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Definitions:

H+

The proton, often representing an acid in chemistry, capable of forming hydronium ions (H3O+) in solution.

Reactive Intermediate

Highly reactive species formed transiently in the course of a chemical reaction.

Hydroxide

A negatively charged ion (OH-) consisting of oxygen and hydrogen.

Diazomethane

A highly reactive organic compound with the formula CH2N2, used in organic synthesis to introduce methyl groups or to form diazo compounds.