A(n)________ Is an Analytical Tool to Organize Information About Direct

question 32

Multiple Choice

A(n) ________ is an analytical tool to organize information about direct competitors on all points of competition.

• A)It is less expensive.
• B)It helps in developing insights regarding pricing.
• C)It provides knowledge about each competitor and allows the entrepreneur to better position the new business.
• D)All of these.

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Definitions:

Simple Random

A sampling method in which every member of a population has an equal chance of being selected for the sample.

Survey Questionnaires

A research instrument consisting of a series of questions designed to gather information from respondents for data collection purposes.

Quota Sampling

A non-random sampling technique where individuals are selected based on specific traits or characteristics to ensure representation of these traits in the sample.

Simple Random Sampling

A sampling method where each member of a population has an equal chance of being included in the sample, ensuring that the sample is representative of the population.