Which of the Following Is a True Statement

question 54

Multiple Choice

Which of the following is a true statement?

• A) Since marketing is concerned with many thousands of different products, there is no one set of marketing functions that applies to all products.
• B) Responsibility for performing marketing functions can be shifted and shared, but no function can be completely eliminated.
• C) From a micro viewpoint, every firm must perform all of the marketing functions.
• D) Marketing functions should be performed only by marketing intermediaries or collaborators.
• E) Many marketing functions are not necessary in market-directed economies.

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Definitions:

Binomial Populations

Populations for which the outcomes can be classified into two categories (success/failure) and the number of successes in a set number of trials can be predicted.

SRS

Stands for Simple Random Sample, a sampling method where each member of the population has an equal chance of being selected.

Confidence Interval

A range of values derived from sample data that is believed, with a certain level of confidence, to contain the true value of the population parameter.

Population Proportions

The fraction or percentage of items in a particular category within the entire population.