d. A randomized block design use packaging as a block. Randomly assign the nine combinations of three price levels and three packaging types, using combination
By utilising a randomised block design, market research can improve the accuracy of the study's findings. RBD The market research firm should conduct the study using the following design:
In a randomised block design, or RBD, experimental units are divided into equal-sized groups or blocks, and each group is then assigned a treatment at random. The information is shielded from outside influences in this way.
In essence, an RBD is a method for organising every possible combination of variables in order to minimise outside errors. Think of the RBD as a building with floors and apartments, with each combination of elements representing a floor.
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The difference in the level of consumption of a consumption smoother and a hand-to-mouth consumer based on anticipated increase in income.
- If there is an anticipated rise in income, a consumption smoother will exhibit <u>increase</u> in consumption, and a hand-to-mouth consumer will exhibit <u>no change</u> in consumption.
- Consumption smoothing can be defined as a process of achieving a balance between expenses on today's needs and saving for tomorrow (future). It is used to regulate spending and saving during different phases of life <em>(increase or decrease in income.</em>
- Hand-to-mouth consumer is a consumer who spends all his income on consumption. He doesn't save because he earns low income.
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Answer:
demand is the word.
Explanation:
Each point on a demand curve shows: The willingness of consumers to purchase a product at different prices. The consumer surplus received from purchasing a given quantity of a product The economics surplus received from purchasing a given quantity of a product The legally determined maximum price that sellers may charge for a given quantity of product.
I think it c market analysis
Answer:
38,880 pounds
Explanation:
The computation of direct material purchased is shown below:-
Pounds requirement for production = Production units × Pounds for each box
= 870 × 44 pounds
= 38,280 pounds
Total = Pounds requirement for production + Desired ending inventory
= 38,280 pounds + 4,500 pounds
= 42,780 pounds
Direct material purchased = Total - Beginning inventory
= 42,780 pounds - 3,900 pounds
= 38,880 pounds
Therefore for computing the direct material purchased we simply applied the above formula.
