Jose Runs a Gallery Which Specializes in Neon Art with an Emphasis

question 12

Multiple Choice

Jose runs a gallery which specializes in neon art with an emphasis on vacation icons like flamingos,dolphins,and palm trees.Since demand was high,and supplies were low,he decided to buy an old warehouse,and then hire craftspeople to work there in order to produce the art.He would provide them with all of the supplies they needed,and he would be their only customer.Jose engaged in:

• A)Horizontal integration
• B)Market expansion
• C)Co-operative buying
• D)Market penetration
• E)Vertical integration

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Definitions:

Mean

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

Z-scores

Standardized scores that indicate the number of standard deviations an element is from the mean.

Shaded Area

Often used in graphs and charts to represent a particular section, range, or subset of data visually.

Distribution

Describes how the values of a dataset or population are spread or dispersed.