Is the Most Used Descriptive Design in Marketing Research

question 24

Multiple Choice

is the most used descriptive design in marketing research.

• A) Cross- sectional design
• B) Exploratory design
• C) Longitudinal design
• D) None of the above

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Definitions:

Production Function

A production function is an equation that describes the maximum output of a good or service an economy or firm can produce given the input resources it has available.

Labor

The human effort, whether physical or mental, used in the production of goods and services.

Output

The total amount of goods or services produced by a firm, industry, or economy.

Cost

The total expenditure required to produce a good or service, including materials, labor, and other expenses.