Use the Following to Answer Questions

question 77

Short Answer

Use the following to answer questions :
The work experiences (in years)of 14 employees of a company are
8 21 11 4 14 17 11 8 8 7 2 11 27 6
-The approximate value of the 70th percentile for these data is:

Describe how to generate increased sales without changing the basic product line or markets served.

Comprehend diversification analysis and its importance in seeking growth opportunities from current and new markets as well as products.

Grasp the strategic marketing process, including planning, implementation, and evaluation phases.

Understand the basic principles of motivation theories and their applications in a work environment.

---

Definitions:

Suretyship Contract

An agreement whereby a party (surety) guarantees the performance of an obligation by another party (principal) to a third party (obligee).

Primarily Liable

The main party responsible for fulfilling an obligation or settling a debt in legal or financial contexts.

Secondarily Liable

Refers to a party who is indirectly responsible for a debt or obligation, where primary liability lies with another party, but the secondary party may be called upon to fulfill the obligation if the primary fails to do so.

Collateral

Assets that are pledged as security for the repayment of a loan, which can be seized by the lender if the borrower fails to repay the loan as agreed.