The sample space refers to
a. any particular experimental outcome
b. the sample size minus one
c. the set of all possible experimental outcomes
d. an event
C
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The International Red Cross is an example of a
A. multinational organization. B. multigovernment organization. C. international social corporation. D. multinational corporation. E. global philanthropy.
Which of the following is an example of a company that serves a niche market?
A) a large apparel manufacturing company that produces a wide range of products for different segments B) a software company that creates standardized supply chain applications for manufacturers C) a manufacturer who creates tools such as bolts, latches, door handles etc. for left-handed individuals D) a large multinational manufacturer of consumer products, FMCG products, and consumer electronics E) a company that manufactures denim pants for men and women of all ages
Assume that a salesperson has asked a prospect to buy three cases of Easter candy and the prospect responds with a stalling objection. The salesperson should then:
A. present the benefits of purchasing now. B. agree and leave. C. use a trial close. D. close again and test the reaction. E. restart the presentation.
Network (multilevel) marketing is different from traditional sales in that it:
A) creates a pyramid with the CEO at the top and the salespeople at the bottom B) eschews growth of the salesforce for a given product C) relies on an interconnected network of independent salespeople to sell the product directly D) focuses on paid advertising instead of word-of-mouth publicity E) allies itself with competing products and service providers