In What Approach Does the Researcher Begin with a Theory

question 110

Multiple Choice

In what approach does the researcher begin with a theory and then use research to test the theory?

• A) objective
• B) deductive
• C) subjective
• D) inductive

---

Definitions:

Maximin Strategy

A strategy used in decision-making that maximizes the minimum gain that can be achieved, often used in situations involving uncertainty and risk.

Incumbent Monopoly

A situation where a single company dominates a market or industry, often due to having established a strong presence over time.

Excess Capacity

The situation in which a firm produces less than its potential output, often indicated by idle resources or facilities.

Potential Entrant

Refers to a business or company that is not currently in a market but has the capability and interest to enter the market if certain conditions are met.