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Before launching its latest line of environment-friendly and child-friendly wooden toys, a toy manufacturer gave samples of these toys to a large and culturally diverse set of families. It then conducted a survey in which the parents were asked to rate the toys on a step-wise scale of "not satisfied" to "extremely pleased." This research is most likely an example of ________ research.
GDP Statistics
Quantitative data that measure the output of a country's economy, indicating economic health and progress by tracking changes in gross domestic product over time.
Standard of Living
A level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class in a certain geographic area.
Technological Improvements
Advances in technology that enhance productivity, efficiency, or quality in goods and services.
Long Run
In economics, the Long Run is a period during which all factors of production and costs are variable, allowing for full industry adjustment to changes.
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