________ is a probability sampling technique in which each element in the population has a known and equal probability of selection.

A) Stratified sampling
B) Simple random sampling
C) Systematic sampling
D) Cluster sampling


Answer: B) Simple random sampling

Business

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The ________ Act establishes a national fraud alert system so that consumers have a timely way to guard their credit.

What will be an ideal response?

Business

________ occurs when customers gather information from a retailer's channel and buy products from a competitor's channel.

A. Channel integration B. Omniretailing C. Automated retailing D. Channel expansion E. Channel migration

Business

Primary data can be collected in several ways. Installing CCTV cameras in a retail store whereby consumers' actions can be recorded is an example of ________ research

A) focus group B) survey C) observational D) behavioral E) experimental

Business

There are several markets in the United States. The market where corn, wheat, soybeans, and oil

are exchanged is the A) financial market. B) retail market. C) commodity market. D) real estate market. E) none of the above.

Business