One of the methodologies employed to conduct pretests is focus groups, in which the management of a company makes budgeting decisions. participants freely discuss the meaning they get from ads

True

Explanation:

Focus groups can be very useful, but the researchers must be aware that people generally tend to lie or not tell the truth during focus groups. The major disadvantage of focus groups over individual surveys (and even those are not 100% correct) is that people sometimes feel ashamed of admitting to do certain things. E.g. according to focus groups all mothers agree that eating healthy food is the best they can do for their children, but McDonald's is the number one selling restaurant chain in the world. And the chains that follow them are all fast food, i.e. unhealthy.

Researchers need to interpret what happens during focus groups, because once an idea has been established, e.g. the ad was great because of some reason, then no one will contradict that general group knowledge.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know