Which of the Following Statement Is True

question 2

Multiple Choice

Which of the following statement is true?

• A)Standardization is a way of eliminating standard error
• B)Randomization is a way of minimizing random error
• C)Standardization is a way of eliminating random error
• D)Randomization is a way of eliminating sampling error
• E)Random sampling is a way of minimizing sampling error

---

Definitions:

Global Segmentation

The process of dividing a global market into distinct subgroups of consumers with common preferences or needs.

Common Needs

Shared or universal requirements among a group of people or within a market segment, influencing product design and marketing strategies.

Entire Globe

A term used to denote the whole world or planet Earth.

Competitive Analysis

Examination of competitors and their products or services to identify strengths and weaknesses relative to one's own business.