The Gap Wants to Target an Older Crowd in Order

question 42

Multiple Choice

The Gap wants to target an older crowd in order to increase its market share so it surveys men and women from ages 40 to 60 about how often and for what type of activities they wear casual clothing.This is an example of

• A) reliability.
• B) exploratory research.
• C) probability sampling.
• D) descriptive research.
• E) experimental research.

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Definitions:

FIFO Inventory

An approach to managing stock whereby the oldest inventory items are sold first, adhering to the First In, First Out principle.

Income Taxes

Taxes levied by the government on income generated by businesses and individuals within its jurisdiction.

Variable Costs

Costs that vary directly with the level of production or sales volume, such as materials and labor.

Plant Manager's Salary

Compensation awarded to the individual responsible for overseeing the operations of a manufacturing facility or plant.