What Is the Limitation Behind Doing Virtual Reality Market Testing

question 138

Multiple Choice

What is the limitation behind doing virtual reality market testing?

• A)It is not the real thing.
• B)It is more expensive than other methods of market testing.
• C)It is not as flexible as other methods of market testing.
• D)It is only used in retail.

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Definitions:

Real Estate

Real estate encompasses the land along with any permanent improvements attached to the land, whether natural or man-made—including water, trees, minerals, buildings, homes, fences, and bridges.

Regression Model

A statistical technique that models and investigates the relationships between dependent and independent variables.

Real Estate

Property consisting of land and the buildings on it, along with its natural resources, such as crops, minerals, or water.

Variability

The extent to which data points in a statistical distribution or dataset differ from each other.