Durall Is a Leading Manufacturer of Decorative Crafts in Canada

question 108

Multiple Choice

Durall is a leading manufacturer of decorative crafts in Canada. Which of the following, if true, will indicate that the threat of new entrants is high for Durall?

• A)Durall has a patent for its manufacturing process.
• B)The crafts that Durall manufactures are low-priced.
• C)The process of manufacturing the crafts is labor intensive.
• D)The decorative crafts industry is capital intensive.

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Definitions:

Third Variable

A factor that is not directly involved in a research hypothesis but may influence the relationship between the variables being studied.

Correlational Study

A research method that examines the relationship between two or more variables to determine if a correlation exists, without implying causation.

Statistical Significance

Likelihood that a study’s results have occurred only by chance.

Probability

The likelihood or chance that a specific event will occur, often expressed as a ratio or percentage.