Terrance Simpson Is a Sales Representative for Swim-Tex, a Swimming

question 38

Multiple Choice

Terrance Simpson is a sales representative for Swim-Tex, a swimming pool service and supply company. Swim-Tex sells the chemicals needed for pool maintenance as well as pool accessories like slides, ladders, and diving boards. Swim-Tex sells to both consumers and businesses.
-Managers at Swim-Tex have informed members of the purchasing department to change straight rebuy situations to modified rebuys. What does this most likely mean for members of the Swim-Tex purchasing department?

• A)renegotiating prices with vendors
• B)simplifying the buying process
• C)building strategic alliances
• D)forming a new value chain
• E)focusing on a decision in the process that is not an issue for the customer

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Definitions:

T Statistic

A type of statistic used in hypothesis testing, especially for small sample sizes, calculated to compare an observed sample mean to a theoretical population mean.

Straight-line Relationship

A linear connection between two variables, represented graphically by a straight line, indicating a constant rate of change.

Mileage

The number of miles traveled or covered by a vehicle, often used to indicate fuel efficiency or the extent of vehicle use.

ANOVA Table

A tabular representation used in analysis of variance (ANOVA) to summarize the sources of variation in data among and within groups being compared.