Select the Description That Most Completely Classifies the Given Variable

question 9

Multiple Choice

Select the description that most completely classifies the given variable
-Preference ratings: as in "Rate the item of most importance to you a 5 and that of least importance a 1"

• A) Qualitative, ordinal
• B) Quantitative, ordinal
• C) Quantitative, ordinal, discrete
• D) Qualitative, nominal

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Definitions:

Special Promotion

A marketing campaign offering unique deals or discounts to boost sales or consumer interest.

Wholesaler

A person or entity that buys goods in large quantities from manufacturers or importers and sells them to retailers or other businesses.

Mark-Up

The percentage or fixed amount added to the cost of goods to determine the selling price.

Operating Profit

Revenue obtained through a company's principal business activities, before subtracting interest and taxes.