The Research Method That Uses Information That Can Be Converted

question 53

Multiple Choice

The research method that uses information that can be converted to numerical form is:

• A) qualitative.
• B) quantitative.
• C) deductive.
• D) inductive.

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Definitions:

Innovative Product

A new or significantly improved product that introduces a novel feature or fulfills a specific need in a new way.

Skimming Pricing

A pricing strategy where a high price is set for a new product to maximize profits from segments willing to pay more, before prices are lowered over time.

Demand-oriented

A pricing strategy where prices are set based on the perceived value to the customer or demand for the product, rather than on the cost of the product or market competition.

Pricing Approach

Strategies and methodologies used by companies to set the selling price of their products or services, taking into account costs, market demand, competition, and profit margins.