Scanner-based research is a system for gathering information from a single group of respondents by continuously monitoring the advertising, promotion, and pricing they re exposed to and the things they buy.
- scanner-based investigation.
- A method of acquiring data from a single group of respondents by tracking the products they purchase and the advertising, promotions, and prices they are exposed to.
- The information that shops record when customers make purchases is known as scanner data.
- They consist of the number of items sold and the sales price for each item purchased on a particular day in a store.
What is scanner data used for?
- For a specific time period, typically a week or a month, scanner data sets contain product quantities sold and money collected by the store for these products.
- NSOs can use this data to determine a product's price by dividing its revenue by the number of units it has sold.
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The quantity theory of money says that:
M V = P Y
where M is money supply, V is income velocity of money, P is price level and Y is income level.
Using the analyze of the empirical data, we can say that there is a long-run association between money and price.
Answer:
He could afford to spend $133,411 for the device now.
Explanation:
The maximum the surgeon could afford for the device is equal to the sum of present value of the lawsuit costs that he can avoid in year 2 and year 5 which is:
+ Year 2: 600,000 * %out-of-pocket cost for the law suit = 600,000 * 10% = $60,000;
+ Year 5: 1,350,000 * %out-of-pocket cost for the law suit = 1,350,000 * 10% = $135,000.
=> The amount he can afford for the device = 60,000 / 1.1^2 + 135,000 / 1.1^5 = $133,411.
So, the answer is $133,411.
China is the country where social media has the greatest influence on purchasing decisions. In addition, creating a project management central repository is a business use of wikis. Social bookmarking is focused on helping users stores, organize, search and manage bookmarks of web pages.
