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What is the full form of "STM"?

A. Social Terminal Media

B. Simple Trial Marketing

C. Simulated Test Market

D. Social Test Module

Answer: Option C

Solution(By Examveda Team)

A simulated test market, or STM for short, is a specific type of qualitative research that attempts to mimic a real-life purchase experience. It involves recruiting participants for one-on-one interviews with a market research professional. The interviews may take place at a specific store, location, or at a market research facility.

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