You Run a Small Automotive Supply Business That Sells to a Few

question 87

Multiple Choice

You run a small automotive supply business that sells to a few large retailers.You want to conduct market research to assess how the companies you sell to feel about the reorder process and your billing system.Because there are so few companies on the list of potential respondents,it would be best to collect data from a __________ of current customers.

• A)Probability sample
• B)Random sample
• C)Convenience sample
• D)Nonprobability sample
• E)Census

Identify the steps necessary for aligning personal and corporate goals ethically.

Analyze the impact of unethical practices on business reputation and stakeholder trust.

Examine the role of ethical considerations in the decision to continue or discontinue a product or brand.

Develop critical thinking skills to evaluate ethical dilemmas in business.

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Definitions:

Unregulated Market

A market operating without governmental rules or oversight wherein the forces of supply and demand are unimpeded by outside control.

Price Controls

Regulatory measures by which a government seeks to control the price of goods and services, either by setting maximum prices (price ceilings) or minimum prices (price floors).

Natural Gas

A fossil fuel composed primarily of methane, used as a source of energy for heating, cooking, and electricity generation.

Deadweight Loss

A loss of economic efficiency that can occur when equilibrium for a good or a service is not achieved or is not achievable.