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Anton [14]
3 years ago
11

FocusPro, a marketing communications and strategy consulting firm, is assisting a client to understand the effects of promotiona

l offers on consumer purchases. They propose the company consider offering three different versions of a coupon that would be mailed to purchasers. The value of the coupon would be manipulated, and the company could track the return of the coupon and how much money was spent by the purchaser. FocusPro recommends that the coupon offers vary between $1 and $5 and suggests three different versions: $1, $3, and $5. The client would select three groups of consumers to receive the coupon offer and a random process would be utilized to determine which coupon offer a consumer would receive. The research will provide important insights about consumer purchasing habits and which coupon offer would lead to the highest level of sales and coupon redemption. This is an example of ______________ research.
Business
1 answer:
Tcecarenko [31]3 years ago
6 0

Answer:

A) experimental

Explanation:

Experimental research is carried out following the scientific method, where the researcher (FocusPro and the client) manipulate one or more variables (discount coupons) and measure how they affect the behavior or responses from another variable (consumers). This is basically a controlled experiment that tries to find out how consumers react to different discount coupons offered.

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Accruing the loss contingency gives the readers of the financial statements an early warning of the probable existence of a future loss.  A loss contingency arises from a probable future event, which gives rise to an adverse outcome from a lawsuit.  Since the cost of the loss can be reasonably estimated and the product recall is virtually certain, it is prudent for Sound Audio to provide for this loss in its December 2021 financial statements.

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