Organizations May Have Only a Few Products or Many Products

question 140

Multiple Choice

Organizations may have only a few products or many products in a product line. Consider Campbell Soup Company, which offers over 50 condensed soups. In the soup line, Campbell Soup Company has a:

• A) deep product line depth.
• B) narrow product line depth.
• C) shallow product line depth.
• D) diverse product lines.

---

Definitions:

Coin Toss

A coin toss is a basic experiment in probability theory used to demonstrate randomness, with two possible outcomes: heads or tails.

Poisson Distribution

A probability distribution that measures the likelihood of a given number of events happening in a fixed interval of time or space.

Probability Distribution

A mathematical function that gives the likelihoods of various possible results in an experiment.

Binomial Distribution

A probability distribution that describes the number of successes in a fixed number of independent trials, with each trial having only two possible outcomes.