Customers Are Surveyed and Asked Their Preferences Among Various Real

question 21

Multiple Choice

Customers are surveyed and asked their preferences among various real or hypothetical product configurations,each with attributes that are systematically varied.This is an example of:

• A)conjoint analysis
• B)cluster analysis
• C)logit analysis
• D)discriminant analysis

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Definitions:

Creative Decision Making

An approach to decision-making that involves thinking in novel ways, incorporating unique solutions and innovation.

Broad Categories

Broad categories refer to general or wide-ranging groups or classifications used to organize concepts, objects, or phenomena, usually for the purpose of simplification or analysis.

Creative Decision Making

The process of generating and selecting innovative solutions to problems or opportunities, often through brainstorming and out-of-the-box thinking.

Political Decision-Making Processes

Procedures involved in making decisions within the context of a political system or organization.