Which of These Statements Is True Regarding Cluster Sampling

question 35

Multiple Choice

Which of these statements is true regarding cluster sampling?

• A) one example of a nonprobability sampling method
• B) individuals grouped together based on cluster of profile characteristics
• C) minimizes the risk of bias due to a heterogeneous population
• D) a great time-saver compared to simple random sampling

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Definitions:

Price Leadership

A situation where the leading firm in an industry establishes the price of products or services, and competitors follow.

Product Differentiation

The process used by businesses to distinguish their products from similar offerings by competitors to attract a specific target market.

Coke

A carbonated soft drink that is produced by The Coca-Cola Company, or a fuel made by heating coal or oil in the absence of air.

Price Fixing

An illegal agreement between participants in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain market conditions so that the price is maintained.