Which of the Following Is NOT a Factor Retailers Consider

question 51

Multiple Choice

Which of the following is NOT a factor retailers consider in setting prices?

• A)price sensitivity of consumers
• B)the cost of the merchandise and services
• C)competition
• D)legal restrictions
• E)language barriers

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Definitions:

Main Effect

The direct influence of an independent variable on a dependent variable in the context of a statistical analysis.

Obtained Value

The actual value of the test statistic computed from sample data during hypothesis testing.

Factorial ANOVA

A statistical test used to determine the effect of two or more independent variables on a dependent variable at the same time.

Subjects Measured

Individuals or entities under study in an experiment or survey, from which data is collected.