The Variable Educational Level Was Measured as Last Year in School

question 8

Multiple Choice

The variable educational level was measured as last year in school completed (i.e. ,none,1st,2nd,3rd,grades,etc. ) .It is,therefore,measured at the level.

• A)nominal
• B)interval
• C)ratio
• D)ordinal
• E)not enough information to decide

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Definitions:

Consumer Demand

The desire and willingness of consumers to purchase goods and services at various price points, driving the market dynamics for those goods and services.

Profitability

The ability of a company to generate earnings more than its expenses and costs, determining its financial success and viability.

Latent Need

A customer's unrecognised or subconscious need that has not yet been identified or addressed by companies.

Critical Needs

Fundamental requirements identified by customers that must be addressed by a product or service for it to be considered viable and satisfactory.