Use the Following to Answer Questions

question 56

Multiple Choice

Use the following to answer questions :
A box contains five blue, eight green, and three yellow marbles.
-What is the probability the first marble you draw out is blue or green?

• A) 0

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Definitions:

Cannibalization

A reduction in sales volume or market share of a company’s existing product due to the introduction of a new product made by the same company.

Product-line Extensions

The introduction of new products to an existing product line, usually related to the current products but targeted to meet different customer needs or preferences.

Sales of Existing

Transactions involving goods or assets that are not new but have been previously owned or used.

Product Line

A group of related products marketed by the same firm.