Describe the Major Contact Methods Used to Collect Information from Respondents

question 38

Essay

Describe the major contact methods used to collect information from respondents in market research.

---

Definitions:

Earnest Money

A deposit made to a seller indicating the buyer's good faith, seriousness, and intent to complete the purchase transaction.

Purchase Price

The amount of money that is paid or agreed to be paid by a buyer to acquire ownership of a product or property.

Potential Purchaser

An individual or entity showing interest in buying a product or service, but who has not yet made a purchase decision.

Adverse Possession

An involuntary property transfer in which a person acquires ownership of property by treating a piece of real property as his or her own, without protest or permission from the owner.