Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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- Which of the following examples BEST illustrates the kind of research that might reveal market segments that can be targeted most profitably? Group of answer choices A) A research analyst producing a report of sales volume by product and year. B) Focus group participants discussing what they like most about their smartphones. C) A website hosting firm providing a report of site traffic ranked by page views and duration. D) A poll that asks research subjects to vote for one of two variations of an ad campaign.arrow_forwardMarket research must deliver "actionable results". Regardless of research type, which of the following is the best description of research delivering "actionable results"? Group of answer choices Research which tells you information you can use to decide which actions to take, and how to take them, in order to drive maximum profit. Literal answers to questions the CEO of your company demanded that you ask possible customers. These are collated into 10 tables and put into an appendix of a board presentation. A written focus group report. Survey results telling you the average age of your customers.arrow_forward'Volkswagen Group' background i. Brief history of the business in the report formatii. Current location(s), products/ services or industries in the report formatiii. List of competitors in the report formativ. Who is the current CEO, and the founder(s) of the business, and length of their tenure in the report formatarrow_forward
- 41arrow_forwardWhich of the following are accurate guidelines when using the quantitative research process? (Select all that apply.) a. State the research problem as a general problem, as opposed to focusing narrowly on the problem being studied. b. Do not define the purpose of the study until conclusions have been made. c. Review related literature for information. d. Formulate hypotheses and variables. e. Select a research design that is loosely determined and can be manipulated as information is collected. f. Collect and analyze data from various sources, including people, literature, documents, and findings.arrow_forwardAs a field of business, data analytics: a. arose due to masses of created data and better computing technology to analyze it. b. really only impacts marketing, and not management or finance. c. only deals with the computer programming aspect of data and not analyzing the data. d. is involved with obtaining and managing the funds necessary to run a business.arrow_forward
- Which of the following is an external data source? A. Sales data B. Customer database C. Competitor sales data D. Employee performance recordsarrow_forwardQualitative research is often exploratory and has all of the following characteristics except________________________.a) It is typically used when a great deal is already known about the topic of interestb) It relies on the collection of nonnumerical data such as words and picturesc) It is used to generate hypotheses and develop theories about phenomena in theworldd) It uses the inductive scientific methodarrow_forward
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