Before Giving a Speech to His Class, Jaehyun Searched His

question 38

Multiple Choice

Before giving a speech to his class, Jaehyun searched his school's website for statistics about the school's students-such as their average SAT and ACT scores, their racial and ethnic background, their gender, and their most popular majors-to begin to get a sense of the audience he would be addressing. In doing so, Jaehyun was engaging in

• A) attitude appraisal.
• B) demographic analysis.
• C) active observation.
• D) online survey.

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Definitions:

Entry And Exit

Refers to the capability of businesses to freely enter into or exit from markets based on regulatory, economic, and market conditions, impacting competition and market dynamics.

Competitive Price-searcher

A market condition where businesses set their prices based on the competition, constantly seeking to offer the best value to attract customers.

Differentiated Product

A product that is distinct in some way from others in the same market, often used as a competitive advantage.

Entry Barriers

Obstacles that prevent new competitors from easily entering an industry or market, such as high startup costs or stringent regulations.