The item which is an example of data collected from market research is insights into potential customers.
Market research is the process of gathering information about your target market and the knowing current state of your industry. Thus, it is the research conducted directly with potential customers.
Interviews are considered to be a common type of primary market research that can be either in-depth or as simple as asking a question. For instance, in an interview in market research is conducted when a business calls a current customer to ask how they are enjoying a product they recently purchased.
Hence, the data collected from market research is insights into potential customers.
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Answer:
14.34%
Explanation:
To find the percentage of returned surveys over the total we divide and then multiply:
(717/5000)*100= 14.34%
The response rate appears to be low because it is less than 50% (which would be 2500 return surveys). Some statistical studies agree that 30 is the minimum number of observations a study must have, but this number does not ensure statistically significant results.
The problem with a very low response rate is that survey´s answers does not significant represent the study population characteristics and so we cannot make inferences, correlations or regressions that are statistically significant. In this case, the conclusions that scientists make about association between the left-handed population and right-handed population with the use of cell phone calls could be wrong or not represent the population characteristics, which means answers are not trustful.
Answer: It might harm the reputation of Trend Flash Ltd. or distinguishing factor is impaired by using similar trademark by Sleek Feet LLC
Explanation:
According to the question, Sleek Feet LLC is using similar or alike trademark for their product(shoes) as well-established corporation ,Trend Flash already uses in registered form.
Having similar trademark can confuse consumers as they might not able to identify the difference between the trademark. It can end up purchasing wrong brand shoes rather what they actually intend to
This can tamper the reputation of Trend Flash Ltd. as they have well recognized trademark and difference in quality of shoes be a major factor in it.
Answer:
19 years
Explanation:
the 19th year your money will triple and be worth 3.0256 times the original sum.
