As a Science,economics Is Disadvantaged in That

question 36

Multiple Choice

As a science,economics is disadvantaged in that

• A)it deals with human behaviour and thus is not open to empirical testing.
• B)it is usually not possible to conduct controlled experiments in economics,in contrast with certain other sciences.
• C)economic hypotheses cannot be accepted with complete certainty,by contrast with the other sciences.
• D)economic variables do not change enough to provide reliable data for testing hypotheses.
• E)some economic variables are determined within the theory.

---

Definitions:

Global Market Segmentation

The process of dividing the worldwide market into distinct subsets of consumers with common needs or characteristics for targeted marketing.

Product Offerings

The various products and services a company makes available to customers.

Position

Refers to a brand's or product's unique standing and identity in the marketplace relative to its competitors.

Consumers

Individuals or organizations that use economic services or commodities.