Elmo Corp, a Manufacturer of Personal Computers and Printers, Recently Established

question 32

Multiple Choice

Elmo Corp., a manufacturer of personal computers and printers, recently established an office furniture exporting business. This is an example of ________.

• A) niche marketing
• B) local marketing
• C) diversification
• D) product adaptation
• E) downsizing

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Definitions:

Normally Distributed

Normally distributed refers to a data distribution that follows a normal distribution curve, where most observations cluster around the mean and tails are symmetrical.

Learning Time

The duration required to acquire new skills or knowledge.

Normal Random Variable

This variable is described by a distribution that has a graph in the shape of a bell curve, indicating its probability density function is symmetrical around its mean.

Standard Deviation

The statistic that quantifies the dispersion of a set of data points around their mean; it measures how spread out the values in the dataset are.