Which of the Following Is an Informal Approach and a Good

question 30

Multiple Choice

Which of the following is an informal approach and a good way to test your questions to make sure your audience understands exactly what you are asking?

• A)Ethnographic research
• B)Survey
• C)Focus group
• D)Branching

---

Definitions:

Demand

The total quantity of a product or service that consumers are willing and able to purchase at a given price.

Assessments of Value

The process of evaluating or estimating the worth, significance, or effectiveness of an item, service, or process.

Pricing Objectives

Objectives that guide how a company sets the prices of its products or services to achieve specific business goals.

Pricing Constraints

Factors that limit the flexibility of setting prices, including costs, competition, customer perception of value, and regulatory requirements.