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babunello [35]
2 years ago
10

Which statement is true about the reliability of secondary data while conducting market research? Economic data about less devel

oped countries are more reliable when reported by these countries. Willful errors in the reporting of marketing data are predominantly absent in most industrialized countries. Official statistics are sometimes too optimistic, reflecting national pride rather than practical reality. Reliability of data remains unaffected by the prevailing tax structures in countries. The data in less developed countries are particularly prone to being less positive in nature when reported by these countries.
Business
1 answer:
Debora [2.8K]2 years ago
3 0

The answer is,  Reliability of data is affected by the tax structures prevailing in countries.

<h3>What is market research with example?</h3>
  • When a business has a limited budget or there has already been a lot of market research done on a given issue, they frequently use this type of study.
  • Making note of the most recent data published on a certain topic after conducting an online search on it is an example of market research.

<h3>What is the main purpose of market research?</h3>
  • Sell research is the process of acquiring information about target consumers and demographics to help a firm market itself more successfully and, ultimately, succeed in the market.
  • No matter whether a company is B2B or B2C, large or small, new or established, market research is an essential component of every business plan.

<h3>How does market research help a business?</h3>
  • An efficient instrument for your business strategy is market research.
  • It involves gathering data that can help you understand the thoughts, behaviors, and locations of your clients.
  • Additionally, market research can help you keep an eye on your competitors' moves and track market trends.

Learn more about market research here:

brainly.com/question/24906199

#SPJ4

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For what purpose are goods and services produced in a socialist economy
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LO 3.1A company’s product sells for $150 and has variable costs of $60 associated with the product. What is its contribution m
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Answer:

60%

Explanation:

Contribution margin ratio is calculated by dividing the contribution margin amount by sales.

Contribution margin is sales less variable cost to produce a product.

Sale price                      150

Variable cost                (60)

Contribution margin     90

Contribution margin ratio: 90 / 150 = 60%

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