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Name and Define the Two Types of Sampling Most Commonly

question 49

Essay

Name and define the two types of sampling most commonly used in survey research. Explain the advantages and disadvantages of each.


Definitions:

Merchandising Business

A type of business that purchases goods at wholesale prices and sells the same goods at retail prices to end-users or customers.

Financial Statements

Formal records that outline the financial activities and conditions of a business, organization, or individual, often including the balance sheet, income statement, and cash flow statement.

Service Business

A type of business that provides intangible products or services to customers, rather than physical goods.

Credit Memo

A paper provided by the seller to the buyer, which decreases the total the buyer needs to pay to the seller based on the conditions of a prior bill.

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