GMS 200 Chapter 2: Chapter 2

9. Preliminary research conducted to clarify the scope and nature of the marketing problem is known as a) Exploratory research b) Discovery research c) Descriptive research d) Causal research

9) Unemployment is the level of joblessness among a people actively seeking work in an economic system. people over the age of 18 and under the age of 65 in a given economic system. people who have been previously employed in an economic system. people over the age of 18 within a given economic system. c)

5) The price of cooking oil rises 5%. Tim Hortons then raises the price of its donuts by 9%. At the same time, the Highland Creek Bakery raises the price of its donuts by 5%. This kind of pricing strategy would suggest these businesses are engaged in: a) b) perfect competition a monopoly an oligopoly monopolistic competition