What Is a Major Drawback of Probability Sampling

question 40

Multiple Choice

What is a major drawback of probability sampling?

• A)It can be time consuming.
• B)The sampling error cannot be measured.
• C)Marketers must rely on the judgment of the researcher in respondent selection.
• D)Everyone has an equal chance of selection.
• E)The most difficult population from which to obtain information is chosen.

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Definitions:

World Market

An international marketplace where goods, services, currencies, and other commodities are exchanged across borders.

Budget Line

A graphical depiction of all possible combinations of two goods that can be purchased with a given income and prices, reflecting the trade-offs and choices available.

Utility Function

A mathematical representation that describes how a consumer ranks different bundles of goods according to the level of satisfaction obtained from them.

Consumption

The process by which individuals or households use goods and services to fulfill their needs and wants.