A Sampling Approach in Which Sample Units Are Chosen Randomly

question 3

Multiple Choice

A sampling approach in which sample units are chosen randomly is called a ________.

• A) statistical sample
• B) judgment sample
• C) subjective sample
• D) nonrandom selected sample

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Definitions:

Trade Restrictions

Government-imposed limitations on the free exchange of goods and services between countries, such as tariffs, quotas, and embargoes.

Economic

Relating to the economy or the study of how societies use resources to produce and distribute goods and services.

Degree of Rivalry

The intensity of competition among existing competitors in a market.

Threat of New Entrants

The potential risk posed by the possibility of new companies entering a market, which can impact the competitive environment and profitability for existing players.