A Major Disadvantage of the Omnibus Surveys Is That

question 55

Multiple Choice

A major disadvantage of the omnibus surveys is that:

• A)it is usually culturally biased.
• B)it is very expensive.
• C)clients cannot incorporate their own questions in the survey.
• D)the survey does not usually contain many consumer-related questions.
• E)only a limited amount of company-relevant information is obtainable.

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Definitions:

Price Ceiling

A legal maximum price at which a good can be sold, often set by government to control prices.

Housing Shortage

A situation where the supply of available houses is not sufficient to meet the demand for them in a particular area.

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, achieving market equilibrium.

Excise Tax

A tax levied on specific goods, services, or transactions, often included directly in the price of the product like gasoline, alcohol, and tobacco.