What Is Least Accurate About Marketing and Selling in the US

question 14

Multiple Choice

What is least accurate about marketing and selling in the US after the Civil War?

• A) Advertising on a national scale became a widely accepted practice.
• B) There was a large increase in firms with brand names.
• C) There was a decrease in product differentiation-goods became more alike
• D) The quality of non-durable goods improved significantly.

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Definitions:

Binomial Probability

The probability of obtaining a fixed number of successful outcomes in a fixed number of trials in a binomial experiment.

Odds

The ratio of the probability of an event happening to the probability of it not happening; in gambling, it represents the amount won relative to the stake.

Unfriended

The act of removing someone from one's social networking friends list.

Probability

The quantification of the chance of an event happening, represented as a number from 0 to 1, with 0 meaning the event is impossible and 1 meaning the event is certain.