The Three Purposes for Which Individuals or Groups Can Use

question 183

Multiple Choice

The three purposes for which individuals or groups can use products in order for it to be considered a business market are

• A) use in daily operations, end consumption, and resale.
• B) direct use in producing other products, company travel, and end consumption.
• C) resale, use in daily operations, and direct use in producing other products.
• D) governmental, institutional, and reseller purposes.
• E) making other products, selling to other businesses, making component parts.

---

Definitions:

Sampling Process

The practice of selecting a subset of individuals, items, or data points from within a larger population to estimate characteristics of the whole population.

Sampling Error

The discrepancy between the statistical characteristics of a population and those of a sample supposedly representing that population.

Bias

A systematic error or deviation from true results or values, caused by factors that skew the data in a certain direction.

Sampling

The process of selecting a subset of individuals from a population to estimate characteristics of the whole population.