What is meant by the expression 'Type II error'?

i)It permits the respondents to behave strategically.

ii)It compels the respondents to consider compromises between mutually-incompatible features.

Which of the following statements is/are true of 'choice modeling'?

i)It permits the respondents to behave strategically.

ii)It compels the respondents to consider compromises between mutually-incompatible features.

i)The data on which secondary market research is based is unlikely to be tailored precisely to the requirements of the task.

ii)Secondary market research tends to be more expensive than primary research.

Which of the following statements is/are true?

i)The data on which secondary market research is based is unlikely to be tailored precisely to the requirements of the task.

ii)Secondary market research tends to be more expensive than primary research.

i)Determining the types of people who buy a product

ii)Identifying 'price points' in the market for a product

iii)Investigating the effects of price changes on sales

Which of the following are reasons for a company undertaking 'price elasticity analysis'?

i)Determining the types of people who buy a product

ii)Identifying 'price points' in the market for a product

iii)Investigating the effects of price changes on sales