Protocol Refers to

question 320

Multiple Choice

Protocol refers to

• A)the standardized procedures followed by a specific company for the inception, design, manufacturing, promotion, and distribution of new products.
• B)a formalized statement of intent regarding what will be sold, to whom it will be sold, and by whom it will be sold.
• C)maintaining compliance with all licensing, manufacturing, and distribution standards ascribed by the U.S.government Department of Trade.
• D)a statement that identifies 1) a well-defined target market; 2) specific customers' needs, wants, and preferences; and 3) what the product will be and do.
• E)a statement that identifies 1) a well-defined target market; 2) specific product or service attributes, and 3) who will be responsible for which tasks to bring the product to market.

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Definitions:

Binomial

Pertaining to a probability distribution that models the number of successes in a fixed number of trials, with only two possible outcomes.

Normal Probability Distribution

Describes a symmetrical, bell-shaped curve where most occurrences take place at the central peak and probabilities for values taper off equally on either side.

Binomial Probability Distribution

A probability distribution that summarizes the likelihood that a variable will take one of two independent values under a given set of parameters or assumptions.

Continuous Variables

Variables that can take an infinite number of values within a given range, including decimals and fractions.