When a Business Gathers Information on Customer Experiences and Feelings

question 19

True/False

When a business gathers information on customer experiences and feelings, it is using a quantitative method of data collection.

---

Definitions:

Minimum Wage

The lowest hourly rate employers can legally pay their workers, as set by government law.

Uniforms

Standardized clothing worn by members of an organization while participating in that organization's activity.

Upstream Price Discrimination

A pricing strategy where producers change prices at different stages of production or distribution, affecting the prices paid by retailers or further downstream sellers.

Arbitrage

The process of buying and selling assets or securities across different markets or forums to profit from price differences.