Market Density Refers To

question 42

Multiple Choice

Market density refers to:

• A) The number of buyers in a geographic unit.
• B) The absolute number of buyers per intermediary.
• C) The ratio of dollar sales to number of buyers.
• D) The ratio of retail outlets to wholesalers.
• E) The number of intermediaries in a geographic unit.

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Definitions:

Bias

A systematic error or deviation from the truth, in statistics and machine learning, which can lead to incorrect conclusions being drawn from data.

Randomly

In a manner lacking any predictable pattern or plan.

Supermarket Chains

Large retail organizations made up of a number of branches or stores that sell groceries and other goods, often under a common brand.

Call-in Poll

A survey method where participants provide their responses or opinions over telephone calls, typically used in public opinion polling.