Answer: Last winter, the company’s research team members visited Japan. They were eager to explore ancient Japanese techniques for preserving documents. After visiting many places, the team found some fine examples of wax-coated scrolls in a library in Osaka. However, they couldn’t find the famous silk films that they wanted to see. Disappointed, they returned to Chicago .
Answer:
A key condition for price discrimination to occur is the identification of different market segments. If this is possible different groups have different price elasticities of demand. Therefore the firm can charge different prices depending on the consumers sensitivity to price changes.
To conduct a preelection opinion poll on a proposed amendment to the state constitution, a random sample of 10 telephone prefixes (first three digits of the phone number) was selected, and all households from the phone prefixes selected were called "cluster sample".
<u>Explanation:</u>
A selection method which is applied in statistical populations where socially unified but internally diverse categories are obvious, understood as cluster screening. It is also used in studies into marketing. The total population is separated into those groups in this sampling program and a simple random selection of the groups is chosen.
For an instance, in a class of total strength, one need to analyse the interest of students for science and arts individually, so the group is divided accordingly in class, after separation the quality of knowledge art and science student carry is tested by simple random selection from such divisions.