List One Advantage and One Disadvantage of a Personal Interview

question 22

Essay

List one advantage and one disadvantage of a personal interview as a method of data collection.

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Definitions:

Marginal Benefit

The additional benefit to a consumer from consuming one more unit of a good or service.

R&D Expenditures

Costs associated with research and development activities undertaken by a company to innovate or improve products or processes.

Marginal Cost

The incremental cost involved in manufacturing an additional unit of a good or service.

Marginal Benefit

The increased benefit or satisfaction experienced from consuming one additional unit of a product or service.