The_______ Is Based on Three Elements: (1)a Customer Orientation, (2)a

question 126

Multiple Choice

The_______ is based on three elements: (1) a customer orientation, (2) a service orientation,and (3) a profit orientation.

• A)marketing concept
• B)relationship approach to marketing
• C)hierarchy of needs
• D)mercantile philosophy

---

Definitions:

Hypothesized Population Mean

The expected value of the mean for a population, as proposed in a hypothesis, that is tested for accuracy against sample data.

T-statistic

A ratio of the departure of the estimated value of a parameter from its hypothesized value to its standard error, used in hypothesis testing.

Sample Mean

The average value of all observations in a sample.

Alternative Hypothesis

A statement that suggests there is a statistically significant relationship between two variables, contrasting the null hypothesis.