Data in the European Market Was Gathered on the Penetration

question 12

Multiple Choice

Data in the European market was gathered on the penetration of microwave ovens. The data collected consisted of three potential segmentation variables (income,
Participation of women in the labor force, and per-capita consumption of frozen
Foods) . Which of the following methods would probably be used to obtain a
Picture of the segments for microwave usage?

• A) the mean
• B) the median
• C) random block design analysis
• D) Latin square design analysis
• E) regression analysis

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Definitions:

Collection Period

The average number of days it takes for a company to collect payments owed by its customers.

Bad Debts

Money owed to a company that is unlikely to be paid by the debtor, often resulting in a write-off for the company.

Just-In-Time

An inventory strategy companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs.

Inventory Systems

are methodologies and procedures used by businesses to track, manage, and plan for current and future inventory and stock levels.