Which One of the Following Is NOT an Objective of Focus

question 15

Multiple Choice

Which one of the following is NOT an objective of focus groups?

• A) to generate ideas
• B) to understand consumer vocabulary
• C) to reveal consumer needs
• D) to determine quantities of a proposed new product that will be sold in a given market
• E) to reveal consumer attitudes

---

Definitions:

Long Run

The long run is a period in economics where all factors of production and costs are variable, allowing companies to adjust all inputs.

Profit

The profit earned when the revenue obtained from a business operation surpasses the expenses, costs, and taxes required to maintain that operation.

Loss

A financial condition that occurs when expenses exceed revenues, implying a negative profit.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets or to different customers.