List the Steps to Be Followed in Developing a Sampling

question 6

Essay

List the steps to be followed in developing a sampling plan.

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Definitions:

Location of Markets

Refers to the geographical position of the consumer base or where the demand for products and services exists.

Location Decision

Deciding on the most optimal geographical site for a business's operations, facilities, or stores based on factors like cost, accessibility, and market demand.

Service Firm

A business that primarily offers intangible products, such as expertise or labor, rather than physical goods.

Parking and Access

Refers to the design and management of parking spaces and the ease with which people can access and leave these areas.