Franchising Has Become a Popular Way to Expand Delivery of an Effective

question 26

Multiple Choice

Franchising has become a popular way to expand delivery of an effective service concept which embraces all of the:

• A)wheel of retailing
• B)flower of service
• C)five Ps of marketing
• D)sevem Ps
• E)incidence of intermediaries

---

Definitions:

Normal Random Variable

A variable that follows a normal distribution, characterized by its mean and standard deviation, representing outcomes with a probabilistic nature.

Standard Deviation

An assessment of the extent to which values in a set are dispersed or varied from the mean, highlighting the differences from the average.

Z-score

A statistical measure that describes the position of a data point in terms of standard deviations from the mean.

Standard Normal Curve

A bell-shaped curve that represents the distribution of data in which the mean is 0 and the standard deviation is 1, used in statistics to represent theoretical distributions.