Examlex
Your company wants to conduct an exploratory study to gain new insights into some product changes you are considering. Which type of research method would be most appropriate for this exploratory study?
Price
The money amount expected, needed, or conferred as a payment for a product.
Miles
A unit of distance or length, traditionally equal to 5280 feet in the United States and slightly more than 1609 meters by international agreement.
Perfect Substitutes
Goods that a consumer is completely indifferent between, meaning that one can replace the other in consumption without any loss of utility.
Income Effect
The income effect describes how a change in a consumer's income affects their purchasing power and consumption choices.
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