A New Business Is Considering Offering Three Different Products to Three

question 200

Multiple Choice

A new business is considering offering three different products to three different segments.Which statement best describes a useful tool to determine which segment to enter first base on sales?

• A)the maximum total sales of a product by all firms to a segment under specified environmental conditions and marketing efforts of the firms
• B)the total of all products sold nationally
• C)the sum of products in a particular industry sold domestically under normal economic conditions
• D)the minimum anticipated sales in related industries not including federal, state, and local taxes

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Definitions:

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A condition in which a person otherwise limited in mental ability has an exceptional specific skill, such as in computation or drawing.

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The ability to perceive, understand, manage, and use emotions.

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A mental approach or technique for producing inventive concepts through the examination of numerous potential answers.

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A statistical method used to describe variability among observed, correlated variables in terms of a potentially lower number of unobserved variables, called factors.