Wanda Has a Theory That Her Cat Can Recognize Her

question 42

Multiple Choice

Wanda has a theory that her cat can recognize her name. She calls the cat. If the cat looks up Wanda concludes that the cat knows her name. If the cat does not look up, Wanda concludes that the cat knows her name but is just ignoring her. The problem with Wanda's test of her theory is that it is

• A) deductive.
• B) not falsifiable.
• C) parsimonious.
• D) overly ambitious.

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Definitions:

Market Penetration

A measure of the amount of sales or adoption of a product or service compared to the total theoretical market for that product or service.

Growth Strategy

Plans developed by an organization to increase its size, revenue, market share, or competitive position.

Security Systems

Systems designed to detect intrusion or unauthorized entry, protect against theft or property damage, and ensure personal safety. These can include alarms, cameras, and monitoring services.

Relative Market Share

A measure of the product’s strength in a particular market, defined as the sales of the focal product divided by the sales achieved by the largest firm in the industry.