Bob Specifies That It Is Important to Have 1,000 Units

question 5

Multiple Choice

Bob specifies that it is important to have 1,000 units of product available to five of their key retailers at all times in his company's warehouse.Which part of the marketing plan would ideally contain this information?

• A)Offering
• B)Business climate
• C)Customers
• D)Communication plan
• E)Distribution plan

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Definitions:

Standard Deviation

A statistical measurement that shows how much variation or dispersion exists from the average (mean) value.

Frequency Polygon

A graphical representation of the distribution of numerical data. It is usually a line that connects points representing the frequencies of various categories or intervals of data.

Class Intervals

Ranges of values into which data points are grouped for frequency distribution analysis.

Histogram

A type of bar chart used in statistics to represent the distribution of data by showing the number of data points that fall within a range of values.