Conjoint allows researchers to determine how a product should be priced.

Name: Conjoint allows researchers to determine how a product should be priced.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The nature of economic transactions means that everything is ultimately traded off against price,which is almost always an element of conjoint studies.One helpful feature of conjoint is that it quantifies how any attribute is traded off against price and,therefore,how each possible product should be priced.

Conjoint Allows Researchers to Determine How a Product Should Be