The low cost of a direct sales force acts as an incentive for establishing direct distribution in a new market
Indicate whether the statement is true or false
FALSE
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A bank has the following data on the gender and marital status of 200 customers. Male Female Single20 30 Married100 50 ? a.What is the probability of finding a single female customer?b.What is the probability of finding a married male customer?c.If a customer is female, what is the probability that she is single?d.What percentage of customers is male?e.If a customer is male, what is the probability that he is married?f.Are gender and marital status mutually exclusive?g.Is marital status independent of gender? Explain using probabilities.
What will be an ideal response?
Which of the following examples illustrates a niche strategy?
a. Libra, a motor company, uses new production techniques to achieve economies of scale. b. Alpha Electronics has decided to dissolve one of its strategic business units. c. Venus Inc. has decided to target customers in Asia. d. Relish, a confectionery store, sells its products only in one city.
The goal of the Health Reform Act is to increase the number of persons who have health care insurance in the United States
Indicate whether the statement is true or false
Which of the following is NOT a way in which a company can expand?
a. expanding current operations b. add additional new sales outlet c. declare bankruptcy d. acquiring another company e. increase production capacity