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Extraneous Variables Are Factors Other Than the Ones Being Studied

question 521

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Extraneous variables are factors other than the ones being studied that, if not controlled, could affect the outcome of the experiment.


Definitions:

Predatory Pricing

A pricing strategy where a business sets very low prices with the intent to drive competitors out of the market or to prevent new entrants from gaining a foothold.

Retail Value

The total price at which a product or service is sold to consumers in the retail market, typically including the costs of production, distribution, and a markup for profit.

Verified

Confirmed as true, accurate, or to meet a particular standard.

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