WWGrainger and McMaster Carr Stock Products from More Than a Thousand

question 35

Multiple Choice

W.W.Grainger and McMaster Carr stock products from more than a thousand manufacturers each to sell to hundreds of thousands of customers and are sterling examples of

• A)transportation aggregation by transportation intermediaries.
• B)inventory aggregation.
• C)warehouse aggregation.
• D)transportation aggregation by storage intermediaries.

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Definitions:

Variances

Statistical measures that represent the extent to which a set of numbers is spread out from their average value.

Portfolio

A grouping of investment tools like equities, bonds, raw goods, actual cash, and assets similar to cash, which also comprises mutual funds and ETFs.

Joint Probability Distribution

A mathematical description of the likelihood of two events occurring together and at the same point in time.

Car Salespeople

Individuals specialized in selling automobiles, often working at car dealerships.