Examlex

Solved

In His Study About an Existing Product in the Market,Duncan

question 23

Multiple Choice

In his study about an existing product in the market,Duncan limited his study only to those respondents who had been using the product for at least a year and were willing to be interviewed.In this scenario,Duncan used the _____ strategy to select the sample for his study.


Definitions:

Substitutes

Products or services that can be used in place of each other, offering consumers choices in the marketplace.

Negative Relationship

A situation or condition in which an increase in one variable leads to a decrease in another variable.

Quantity Demanded

The total amount of goods or services that consumers are willing and able to purchase at a given price over a specific time period.

Demand Curve

The demand curve is a graphical representation showing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.

Related Questions