The process by which the raw data are transformed into new variables that have a mean of 0 and a variance of 1 is called standardization
Indicate whether the statement is true or false
TRUE
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An organization with a market orientation
A. identifies prospective buyers, understands them intimately, and develops favorable long-term perceptions of the organization and its offerings so that they will choose it in the marketplace. B. strives to satisfy the needs of consumers while also trying to achieve its goals. C. satisfies the needs of consumers in a way that provides for society's well being. D. focuses its efforts on continuously collecting information about customers' needs, sharing this information across departments, and using it to create customer value. E. focuses its efforts on continuously collecting information about the environment, keeping abreast of competitors' actions, and using this information to create product innovation.
Which of the following is a highly suspicious financial statement relationship?
a. Increased revenues with increased cash flows b. Increased volume with decreased cost per unit c. Increased inventory with decreased payables d. Increased inventory with increased warehousing costs
In moving from the measurement model to the structural model the error terms are correlated
with each other. Indicate whether the statement is true or false
Firms construct _______ for each market segment—the bare minimum of products and services that all segment members uniformly value
a. naked solutions b. residual variation c. mass customization d. options