The E-Local Approach Is LEAST Appropriate When ________

question 4

Multiple Choice

The e-local approach is LEAST appropriate when ________.

• A) supply-chain management is very important to success
• B) customer behavior and market structures are similar within a region
• C) production and consumption are regional rather than global in scope
• D) consumer demand for the product or service exists on an international level

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Definitions:

Sampling Distribution

A probability distribution of a statistic obtained from a large number of samples drawn from a specific population.

Mean

The average of a set of numbers, calculated by dividing the sum of all the values by the number of values.

Central Limit Theorem

Theorem stating that sample means are approximately normally distributed for an infinite number of random samples drawn from a population.

Population Mean

The average value of a population's characteristics.