Leslie Is the Owner of Crafts and Things,a Local Craft

question 65

Multiple Choice

Leslie is the owner of Crafts and Things,a local craft store that sells homemade gifts such as jewelry and quilts.Recently,there has been an increase in the price of the items that Leslie uses to make her crafts,such as beads and yarn.The rising cost of these items represent a(n) _____ to Leslie's business.

• A) opportunity
• B) threat
• C) cost advantage
• D) rivalry
• E) strength

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Definitions:

Collecting Data

The process of gathering and measuring information on variables of interest in a systematic fashion.

Direct Observation

The method of gathering data by watching subjects in their natural environment without intervention or manipulation.

Interviews

A method of gathering information through direct, face-to-face conversation where questions are asked to obtain qualitative data.

Independent Variable

In a study, the variable that is intentionally altered by the investigator to see its impact on the dependent variable.