ENTREPRENEURSHIP

ENTREPRENEURIAL MARKETING

PRICING STRATEGIES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The group that does not receive the price change would be referred to as the ____ It is the presence of a control group that makes this a controlled experiment.
A
Control group
B
Sales surrogate experiments
C
Artificial sales experiment
D
Questionnaire experiment
Explanation: 

Detailed explanation-1: -An experimental group is the group that receives the variable being tested in an experiment. The control group is the group in an experiment that does not receive the variable you are testing. For your experiment, the bag of popcorn that remained stored in the cabinet is the control group.

Detailed explanation-2: -Listen to pronunciation. (ek-SPAYR-ih-MEN-tul groop) The group in a clinical research study that receives the drug, vaccine, or other intervention being tested.

Detailed explanation-3: -A good example would be an experiment to test drug effects. The sample receiving the drug would be the experimental group while the sample receiving a placebo would be the control group. While all variables are kept similar (e.g. age, sex, etc.) the only difference between the groups is the taking of medication.

There is 1 question to complete.