When Exploratory Research Is Conducted to Try to Reduce the Number

question 39

Multiple Choice

When exploratory research is conducted to try to reduce the number of new product ideas for further consideration, it has the purpose of:

• A) screening alternatives.
• B) discovering new ideas.
• C) providing conclusive evidence.
• D) diagnosing a situation.

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Definitions:

Consumption Spending

Expenditures by households on goods and services, excluding new housing.

Investment Spending

Expenditures on capital goods used to produce goods and services in future periods.

Recessions

Periods of economic decline during which trade and industrial activity are reduced, identified by a fall in GDP in two successive quarters.

Aggregate-Demand Curve

A graphical representation showing the relationship between the overall price level in the economy and the total demand for goods and services.