Looking for suppliers who are cheaper than our current ones but still high quality is an example of a way to
a. increase sales volume.
b. change our prices.
c. decrease variable costs.
d. decrease fixed costs.
Question 2Time pressure, time of day, and region provide common ____________________ variables.
Fill in the blank(s) with correct word
Question 3In its simplest form, a research hypothesis is a guess about the outcome of a research study.
Indicate whether the statement is true or false
Question 4Which of the following is the correct formula for Variable Costs?
a. Variable unit cost + Sales volume (in units)
b. Variable unit costs Sales volume (in units)
c. Variable unit costs/Sales volume (in units)
d. Variable unit costs Sales volume (in units)
Question 5The process by which some third variable affects the relationship between an independent and dependent variable is called ____________________.
Fill in the blank(s) with correct word
Question 6Pilot studies are a formal research method that produce precise results.
Indicate whether the statement is true or false
Question 7If a company wants to increase its profitability, it needs to __________ sales volume, __________ prices, or __________ costs.
a. increase, change, decrease
b. decrease, change, increase
c. change, decrease, increase
d. decrease, increase, change
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