In a Research Study,a Potential Respondent Who Is Not at Home

question 43

Multiple Choice

In a research study,a potential respondent who is not at home at either the first or second attempt to reach this person by phone is called a(n) :

• A)sample bias
• B)no contact
• C)interviewee
• D)random sampling error

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Definitions:

Marginal Revenue Curve

A curve that shows the change in total revenue resulting from selling one additional unit of a product or service.

Standardized Product

Products that are uniform in quality and features, offering no significant difference from the same products offered by other sellers.

Differentiated Product

A product that is distinct from similar products offered by competitors, often through quality, features, or branding.

Kinked Demand Curve

A demand curve in oligopolistic market structures characterized by a distinct bend or kink at the current price; it reflects that price increases by one firm will not be followed by others, while price decreases will be.