Match Each Item with the Correct Statement Below

question 40

Multiple Choice

Match each item with the correct statement below.
-Introducing a new product in a specific area and then observing its degree of success is called _____.

• A)big data
• B)exploratory research
• C)secondary data
• D)primary data
• E)sampling
• F)hypothesis
• G)simple random sample
• H)interpretative research
• I)focus group
• J)marketing decision support system
• K)key performance indicator
• L)predictive analytics
• M)metrics
• N)marketing research
• O)quota sample
• P)test marketing
• Q)cluster sample
• R)data mining
• S)convenience sample
• T)controlled experiment

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Definitions:

Bargained-For Exchange

In reference to agreements, when a promise is made in exchange for another promise, in exchange for an act, or in exchange for a forbearance to act.

Contracts For Necessaries

Legal agreements for the supply of essential goods or services, such as food, shelter, and clothing, especially pertinent to persons unable to enter into contracts, like minors.

Educational Loans

Financial aid provided to students to help cover the cost of education expenses, which must be repaid.

Voluntarily Sold

The act of willingly choosing to sell an asset or property without being forced by external circumstances.