Descriptive Research Is NOT Productively Used

question 20

Multiple Choice

Descriptive research is NOT productively used

• A) to develop a profile of the "average user."
• B) to estimate the proportion of people in a specified population who behave in a certain way.
• C) to clarify concepts.
• D) to make specific predictions.
• E) to determine whether certain variables are associated.

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Definitions:

Demand Conditions

Refers to the nature and scale of demand in the industry which affects the competitiveness and strategy of firms.

Potential Competitors

Firms or individuals that are not currently in the market but have the ability to enter and compete in the future.

Oligopolistic Industry

A market structure characterized by a small number of firms dominating the market, leading to strategic interactions in pricing and output.

Economic Efficiency

A situation where the distribution of resources is designed to enhance the production of goods and services maximally.