Which Statement Is True About the Full-Profile Approach to Constructing

question 9

Multiple Choice

Which statement is true about the full-profile approach to constructing conjoint analysis stimuli?

• A)It is possible to reduce the number of paired comparisons by using cyclical designs.
• B)The number of stimulus profiles can be greatly reduced by means of fractional factorial designs.
• C)The advantage of pair-wise is that it is easier for the respondents to provide judgments on the paired comparisons.
• D)The disadvantage of pair-wise is that it requires more evaluations than the full-profile approach.

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Definitions:

Visual Model

A graphical or pictorial representation of data or concepts, used to simplify complex information and enhance understanding.

Circular-Flow Diagram

A visual model depicting the flow of goods, services, and money between households and businesses in an economy.

Circular-Flow Diagram

A visual model that shows how money moves through an economy between households, businesses, and the government.

Factors Of Production

The inputs used in the production of goods or services in the attempt to make an economic profit, including land, labor, capital, and entrepreneurship.