Which of the following is a limitation of ethnographic research?
A. These studies avoid observing consumers in their natural environment.
B. In these studies, participants never recognize their behavior patterns and motivations.
C. These studies are generally considered inapplicable to everyday situations.
D. These studies cost more to conduct than focus group studies.
E. In these studies, strong personalities can often wield undue influence.
Answer: D
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As production moves up, the average cost per unit decreases because ________
A) variable costs decrease B) of increasing diseconomies of scale C) fixed costs are spread over more units D) overhead costs decrease E) revenue increases
The crime of ________ involves the obtaining of property from another, with his or her consent, induced by wrongful use of actual or threatened force, violence, or fear.
A. embezzlement B. bribery C. money laundering D. extortion
In 2013, _____million people lived in poverty in the United States.
a. 5.7 million b. 10 million c. 37 million d. 45.3 million
Which one of the following is not a characteristic of a liquid market?
A) Market makers stand ready to buy and sell currencies. B) Foreign exchange dealers make transactions only with dealers. C) It becomes easy to match buyers and sellers. D) Transaction costs are low.