Walmart Is Famous for Using What Important Type of Value

question 34

Multiple Choice

Walmart is famous for using what important type of value pricing?

• A)competition- based pricing
• B)everyday low pricing
• C)cost- plus pricing
• D)penetration pricing
• E)break- even pricing

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Definitions:

Bernoulli Distribution

A probability distribution of a random variable that takes the value 1 with probability 'p' and the value 0 with probability '1-p'.

Pareto Distribution

A probability distribution used to describe phenomena in the natural and social sciences where a small proportion of occurrences leads to a large proportion of outcomes.

Lognormal Distribution

A continuous probability distribution of a random variable whose logarithm is normally distributed.

Joint Probability Distribution

A statistical measure that gives the likelihood of two or more events occurring simultaneously and the relationship between them.