The Principle That the Channel Should Be Designed to Maximize

question 31

Multiple Choice

The principle that the channel should be designed to maximize the sale of a service during its limited exposure to the target market is aimed at dealing with:

• A) The intangibility of services.
• B) The inseparability of services.
• C) The high cost of services.
• D) The perishability of services.
• E) The limited involvement of the customer.

Understand the concept of probability and how it quantifies the likelihood of events.

Identify and calculate the outcomes of random experiments with or without replacement.

Apply the concept of independence and the role of disjoint events in probability theory.

Calculate probabilities in the context of both discrete and continuous random variables.

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Definitions:

Oldowan Tools

The earliest known stone tool industry, dating back to about 2.6 million years ago, associated with Homo habilis and used by early hominins for cutting, scraping, and processing animal and plant materials.

Homo Floresiensis

A species of small hominin that lived on the island of Flores, Indonesia, until about 50,000 years ago, known for its relatively small stature and brain size.

Homo Habilis

An extinct species of early human that lived about 2.4 to 1.4 million years ago, known for using stone tools.

Human Evolution

The lengthy process of change by which people originated from apelike ancestors, characterized by developments such as bipedalism, larger brains, and other traits.