A Consumer Becomes Thirsty at a Local Sporting Event

question 56

Multiple Choice

A consumer becomes thirsty at a local sporting event. He is trying to decide between purchasing a soda or a beer. This is an example of

• A) indirect competition.
• B) monopolistic competition.
• C) economic competition.
• D) direct competition.
• E) oligopolistic competition.

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Definitions:

Qualitative Research

Qualitative research is a method of inquiry that focuses on understanding human behavior and the reasons that govern such behavior, often gathering non-numerical data.

Enrollments

The process or number of registering or being registered, especially in an educational institution or a course.

Quantitative Research

A research method focused on obtaining data through objective measurements and statistical, mathematical, or computational techniques.

Surveys

A method of gathering information from a sample of people, traditionally using a questionnaire, to explore opinions, behaviors, or characteristics.