(a) An export-ready firm usually does not require success domestically, because international markets are different.   True   False (b)The three basic steps in the data analysis process are: assess the quality and reliability of the data, sort and classify data, and perform statistical tests and analyze the results.   True   False   (c)The most common technique used when conducting a focus group is brainstorming, by which participants are encouraged to say what comes to mind without thinking too closely about what they are saying.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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(a) An export-ready firm usually does not require success domestically, because international markets are different.

  True
  False

(b)The three basic steps in the data analysis process are: assess the quality and reliability of the data, sort and classify data, and perform statistical tests and analyze the results.

  True
  False

 

(c)The most common technique used when conducting a focus group is brainstorming, by which participants are encouraged to say what comes to mind without thinking too closely about what they are saying.

  True
  False

 

(d)Observational analysis is informal, guided discussions in which a small group of potential customers are encouraged to share their views and opinions of an organization, brand, product or service.

  True
  False

(e) If research objectives cannot be completed using other secondary and primary methods, and if a trip to the target market is required, the travelers should be sure they: gather as much information on distribution channels in the target market, observe typical consumer behavior in the target market, accumulate as much data as possible on competitors' pricing, product, placement and promotion activities.

 

  True
  False
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