A Restaurant Chain Is Working on Improving the Quality of Its

question 48

Multiple Choice

A restaurant chain is working on improving the quality of its food and service. To track its progress, it recruits customers who agree to respond to customer satisfaction surveys once every three months over the next two years. What kind of data is the restaurant chain collecting?

• A)panel data
• B)internal secondary data
• C)focus group data
• D)external secondary data
• E)scanner data

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Definitions:

Government Intervention

The actions taken by a government to influence or regulate various activities within its economy.

Pigouvian Taxes

Taxes imposed on activities that generate negative externalities, aiming to correct market outcomes by aligning private costs with social costs.

Sulfur Dioxide Emissions

Refers to the release of sulfur dioxide gas into the atmosphere, primarily from burning fossil fuels, which can cause environmental and health problems.

Excise Taxes

Taxes charged on the sale of specific goods and services, such as alcohol and tobacco, often used as a tool for discouraging their consumption.