You Would Use Variable Respecification Under Which Circumstance

question 45

Multiple Choice

You would use variable respecification under which circumstance?

• A)to create new variables that are composites of several other variables
• B)to adjust the sample so that greater importance is attached to respondents with certain characteristics
• C)to compare attitudinal scores measured on a seven-point semantic differential scale with lifestyle or image scores measured on a five-point Likert scale
• D)none of the above

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Definitions:

Barriers to Entry

Factors that make it difficult or costly for new firms to enter and compete in an industry, such as high startup costs or strict regulations.

Pure Monopoly

A market structure where a single supplier controls all production and sale of a particular good or service, with no close substitutes.

Output Quantity

The total amount of a product or service produced by a company or industry.