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Important Pointers to Construct Index Numbers

The estimatio...

Question

The estimation of consumer demand by questioning a sample of consumer is referred to as the _________________.

A

consumer survey approach

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B

product survey approach

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C

selling approach

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D

marketing approach

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Solution

The correct option is A consumer survey approach
The estimation of consumer demand by questioning a sample of consumer is referred to as the consumer survey approach. Estimation of consumer demand helps to analyse consumer's behaviour.

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