If a Company Wishing to Sell Baby Monitors (To Help

question 24

Multiple Choice

If a company wishing to sell baby monitors (to help with infants that have trouble breathing) wanted to estimate the size of their potential market in a developing country for which little data was available, they could get the population size, examine the number of births per year, focus on cities that had the highest birthrates, and contact hospitals that had the most problems with SIDS (sudden infant death syndrome) .This logic most closely approximates which of the following methods listed below?

• A)analogy method
• B)Latin square
• C)trade audit
• D)chain ratio method
• E)cross-sectional regression analysis

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Definitions:

Near-shoring

The practice of transferring a business operation or service to a nearby country, rather than a far-off location, to reduce costs and improve communication and control.

On-shoring

The practice of bringing business operations back to the company's country of origin from overseas to improve control and reduce costs.

Intermediate Vehicle Carriers

Companies or services that provide transportation of goods between primary carriers and final delivery points.

Small Package Carriers

Companies that specialize in the shipment of small parcels or packages, typically offering services like rapid delivery and tracking capabilities.