DreamRim Tires Manufactured a Batch of Faulty Tires

question 73

Multiple Choice

DreamRim Tires manufactured a batch of faulty tires. It apologized to all the customers who purchased the tires and gave them free replacements and a discount coupon for their next purchase. This is an example of a(n) _____.

• A) proactive strategy
• B) defensive strategy
• C) reactive strategy
• D) accommodative strategy

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Definitions:

Binomial Distribution

A probability distribution that describes the outcome of a fixed number of trials in experiments that have two possible outcomes (success or failure) and a constant probability of success.

Random Sample

A sample drawn in such a way that each member of the population has an equal chance of being selected.

Female Customers

A specific segment of the market made up of women or those identifying as female who purchase goods or services.

Standard Deviation

Standard deviation is a measure of the dispersion or spread of a set of numbers, indicating how much individual numbers in a dataset deviate from the mean or average.