________ Refer(s)to the Tangible and ________ Benefits a Customer Receives

question 34

Multiple Choice

________ refer(s) to the tangible and ________ benefits a customer receives from buying a product or service.

• A)Utility; monetary
• B)Exchange; intangible
• C)Needs; consumer
• D)Value; intangible
• E)Consumer orientation; intangible

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, represented by the square root of the variance.

Sampling Distribution

A statistical distribution of all possible sample means or proportions, given a sample size, from a population.

Bootstrap Distribution

A statistical technique for estimating a sampling distribution by repeatedly resampling with replacement from an existing sample data.

Bias

A systematic error in a statistical analysis or study that leads to an incorrect conclusion, often resulting from problematic data collection, analysis, or interpretation.