In Order to Be Considered a Market,people Do Not Have

question 105

Multiple Choice

In order to be considered a market,people do not have to have

• A)a need or desire for a particular product.
• B)the ability to purchase the product.
• C)discretionary income to purchase the product.
• D)the willingness to use their buying power.
• E)the authority to buy the specific products.

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Definitions:

Single-blind Study

A study or experiment in which the participants do not know which group or condition they have been assigned to, but the researchers do.

Experimental Group

Subjects in an experiment who are subjected to the independent variable.

Control Group

A group in an experiment or study that does not receive treatment by the researchers and is then used as a benchmark to measure how the other tested subjects do.

Hypothesis

Tentative explanation of a phenomenon based on observations.