In a marketing and sales model, what might be a good choice for a discrete distribution to model the random timing of sales?
a. logarithmic distribution
b. normal distribution
c. binomial distribution
d. exponential distribution
e. Poisson distribution
e
You might also like to view...
The ideal self is how people see themselves, and the looking-glass self refers to how people think others regard them.
Answer the following statement true (T) or false (F)
The purpose of a flexible budget is to:
a. Compare actual and budgeted results at virtually any level of production. b. Eliminate cyclical fluctuations in production reports by ignoring variable costs. c. Allow management some latitude in meeting goals. d. Reduce the total time in preparing the annual budget.
________ refers to the benefit given up by choosing an alternative course of action. A) Opportunity cost
A) Opportunity cost B) Sunk cost C) Relevant cost D) Irrelevant cost
At a local fair, Ford hosted a booth and brought several models of its cars for customers to sit in and look at up close. Customers were then encouraged to fill out a comment card letting Ford know what their favorite model car was. At the end of the fair, one comment card would be chosen by the company and that person would win the car of their choice. This is an example of
A. a contest. B. a premium. C. a coupon. D. a deal. E. a sweepstakes.