Price Is the Most Important of the Four Ps

question 241

True/False

Price is the most important of the four Ps.

---

Definitions:

Biased Sample

A sample that does not accurately represent the population from which it was drawn, usually due to prejudiced selection methods.

Representative Sample

A segment of a population that correctly embodies the traits of the entire population group.

Biased Population

A group in which certain characteristics are over- or underrepresented, leading to skewed or unrepresentative sample outcomes.

Statistically Significant Population

A population size or characteristic in which differences or effects observed are unlikely to be due to chance, typically determined through statistical tests.