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In business research we often will need to create measurement instruments for the variable(s) we want to understand. Remember in Week 1 we start our research design process by trying to create a useful definition of a concept or variable we might study. Once we have a workable "operational definition" of all our variables we are ready to create the measurement system we will use.
(A) Discuss the advantages and disadvantages with the following:
Rating and ranking scales
Likert scales
Unidimensional and multidimensional scales
(B) Consider the way you operationalized the variable "binge drinking" in Week 1. Now, using one or more of the scales noted in (1) above, create two questions you might use in a study about binge drinking. Make sure you include the answer scale you would want the participant to use as well.
a city government is considering increasing the capacity of the current waste-water treatment plant. the estimnated
Recognize three well-founded reasons supporting the potentially beneficial role for government intervention in the workings of private marketplace.
Each car manufacturer undertakes dynamic advertising campaigns seeking to persuade prospective buyers of the superior quality and better style of his cars and reacts very quickly to claims of superiority by his rivals.
consider a landscaping service market. here landscaping means mowing weeding and trimming etc i.e. a regular
Which of the following is not a condition required for the practice of price discrimination?
1. what types of products are phone services and electricity?2. why does a firm spend an enormous amount on advertising
Provide two examples of actions taken by a company, government, or organization whose effect is to prevent specific markets from reaching equilibrium. What evidence of excess supply or excess demand can you cite in these examples?
Determine the short run average variable cost and the marginal cost functions. Determine the output level that minimizes short run average variable costs
you are the manager of a firm that has an exclusive license to produce your product. the inverse market demand curve is
In which type of handling system is labor cost generally the highest percentage? mechanized semiautomated automated information-directed
Company A plans to produce 300,000 units next year, the production budget is: Compute the total cost and cost per unit when the unit production is changed to 315,000 units.
On balance one would argue that our society is mixed on the question of allowing firms to operate with market power; we certainly don't permit unregulated monopolies from operating but we do have a lot of industries where firms are permitted to..
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