Vernon Inc. would like to set the best price for a new product. The firm conducts an experimental study by selling the new product at two different prices in two different locations keeping other factors constant to see if a lower price results in better sales. This is most likely an example of ________ research.

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29-07-2020
Business

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Vernon Inc. would like to set the best price for a new product. The firm conducts an experimental study by selling the new product at two different prices in two different locations keeping other factors constant to see if a lower price results in better sales. This is most likely an example of ________ research.

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Tundexi Tundexi · Answer 1 · 2022-02-01T11:08:15+01:00

When the firm conducts an experimental study by selling the new product at two different prices in two different location, this is most likely an example of casual research.

What is casual research?

A causal Research refers to type of conclusive research a research that want to establish a cause and effect relationship between two or more variables in order to draw a conclusion.

Hence, the type of research done by the firm is an example of causal research.