ShopEasy Inc

question 36

Multiple Choice

ShopEasy Inc.is a specialty e-tailer that operates 87 catalogue websites on the Internet.Larson Brown, Sales Director, feels that the style (colour scheme, graphics, fonts, etc.) of a website may affect its sales.He chooses three levels of design style (neon, old world and sophisticated) and randomly assigns six catalogue websites to each design style.Larson's experimental design is a ___.

• A)factorial design
• B)random block design
• C)completely randomized design
• D)normalized block design
• E)partially randomized design

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Definitions:

Operating Expense

Costs associated with the day-to-day running of a business, such as rent, utilities, and salaries, but excluding the cost of goods sold.

Normal Selling Price

The regular price at which a good or service is typically sold, excluding any discounts or promotional offers.

Demand-Based Method

A method of price setting based on the demand for the product.

Yield Pricing

A pricing strategy in which prices are adjusted based on the demand and supply of goods or services to maximize revenue.