What Are the Two Main Types of Research Instruments Used

question 66

Multiple Choice

What are the two main types of research instruments used to collect primary data?

• A)surveys and samples
• B)online panels and experiments
• C)focus groups and online databases
• D)questionnaires and mechanical devices
• E)personal interviews and online marketing research

---

Definitions:

Long Run

A period where all inputs or factors of production can be varied, allowing full adjustment to changes in the market or economy.

Short Run

A period in economics where at least one input is fixed and cannot be changed by the firm.

Market Price

The price at which a good or service is offered in the marketplace, determined by supply and demand dynamics.

Units

Basic measurement or quantity of a product, used to track inventory, production, and sales in various contexts.