DrVan Offer Has a Very Large Sample with Very Little

question 48

Multiple Choice

Dr.Van Offer has a very large sample with very little diversity among cases,so his sampling error will be

• A)very small.
• B)very large.
• C)will be the same as any other error.
• D)will be bell-shaped.

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Definitions:

Supply Chain Cost

All expenses incurred in the production, handling, and distribution of a product or service, from raw materials to delivery to the end user.

Responsiveness

The ability of a company, organization, or system to quickly and effectively react to changes, inquiries, or demands.

Total Demand

The entire quantity of a product or service that consumers in a market are willing and able to buy over a specified time period, given all other factors being constant.

Market Share

The portion of a market controlled by a particular company or product, usually expressed as a percentage of total sales in that market.