Kennedy Enjoys Shopping at Costco and Likes to Purchase the Kirkland

question 190

Multiple Choice

Kennedy enjoys shopping at Costco and likes to purchase the Kirkland brand of strawberry preserves.However,on a recent shopping trip,the store did not have the Kirkland brand but a new organic brand,Clover Patch.Kennedy decided to purchase the new brand and give it a try.Which term best describes Kennedy's level of brand loyalty for the Kirkland brand of strawberry preserves?​

• A)​brand preference
• B)​brand recognition
• C)​brand insistence
• D)​brand persistence

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Definitions:

Exponential Distribution

A statistical model that represents the intervals between occurrences in a continuous and independent process happening at a steady average pace.

Exponential Distribution

A statistical distribution used for modeling the time between events in a process where events occur continuously and independently at a constant average rate.

Bank Teller

A financial service professional who assists customers in managing bank accounts, executing transactions such as deposits and withdrawals, and providing information on bank products.

Poisson Distributed

A probability distribution that measures the likelihood of a given number of events happening in a fixed interval of time or space.