All of the Following Are Ways to Collect Useful Marketing

question 53

Multiple Choice

All of the following are ways to collect useful marketing research information EXCEPT which one?

• A) sending questionnaires by mail
• B) conducting telephone polls
• C) conducting personal interviews
• D) randomly stopping individuals on the street to inquire about their buying habits

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Definitions:

Equilibrium Price

The rate at which the amount of products offered matches the amount of products consumers want.

Unregulated Market

A market where the government does not impose price controls, quotas, or other restrictions on the forces of supply and demand.

Deadweight Loss

The diminished economic effectiveness arising from a failure to achieve or the inability to achieve equilibrium for a product or service.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product or service, intended to protect consumers.