A Major Consumer Products Company Wants to Measure the Quality

question 80

Multiple Choice

A major consumer products company wants to measure the quality of the packaging of their products on the store shelves.Five large cities are chosen in different parts of the country.What sampling method is being used for this sampling plan?

• A)simple random sampling
• B)continuous sampling
• C)subjective sampling
• D)stratified sampling

---

Definitions:

Import Competition

The competitive pressure on domestic companies from foreign products and services entering the domestic market.

Oligopoly

A market structure characterized by a small number of large firms that dominate the market, leading to limited competition and the potential for collaborative behavior.

Differentiated Product

A product that is distinguished from similar products offered by competitors through unique features, branding, or quality, allowing the company to potentially command a higher price.

Homogeneous Product

A product that is seen as identical across different producers, making consumers indifferent between brands based on the product itself.