The ________ Method Has Two Advantages Over Other Traditional Methods

question 60

Multiple Choice

The ________ method has two advantages over other traditional methods of data collection.The cost is relatively minimal and the turnaround time for data collection to report presentation is much quicker:

• A)personal interview
• B)telephone interview
• C)mail survey
• D)online survey
• E)fax survey

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Definitions:

Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and products that are similar but differentiated.

Maximize Profit

The goal of adjusting production or service levels to achieve the highest possible returns.

Equilibrium Quantity

The quantity of goods or services supplied that is equal to the quantity demanded at the market equilibrium price.

Subsidies

Financial support extended by the government to stimulate an industry or reduce the prices of goods and services for consumers.