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julia-pushkina [17]
4 years ago
9

The collection of preliminary data (usually secondary data) during the situation analysis stage of the marketing research proces

s may prove necessary in order to define the problem accurately. Information collected during this phase often contributes to changes in the definition of the research problem or the addition or deletion of research objectives.
a) true
b) false
Business
1 answer:
Lostsunrise [7]4 years ago
7 0

Answer:

The answer is letter a, true.

Explanation:

A marketing research process consists of several steps that need to be followed in order for a research to be conducted properly.

Its first step/stage is called the "Situation Analysis Stage." It is at this stage that the researcher seeks to obtain all the necessary information he can collect regarding the problems of the company. It also obtains information including the environment in which the analysis has to be made. This will help define the problem accurately. Research objectives may be altered depending on the information collected. Thus, the answer is letter a, true.

It is also during the <em>Situation Analysis Stage</em> that the researcher conducts personal interviews, seek company records, library materials and trade papers for its source of information.

<u>Additional Information</u>

The Situation Analysis Stage is followed by the <em>Preliminary Investigation, Research Design, Data Collection, Data Processing, Report Preparation and Recommendation </em>(as well as follow-up).

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4 years ago
Assume that bananas cost $0.50 in 2002 and $1 in 2007, whereas pears cost $1 in 2002 and $1.50 in 2007. Suppose that 4 bananas w
daser333 [38]

Answer:

Real GDP [2002]  = 5, Real GDP [2007]  = 6.5, Nominal GDP [2002] = 5, Nominal GDP [2007] = 11

GDP Deflator = 169, Implicit Inflation rate = 69%

Explanation:

Real GDP is the value of goods & services produced, at base year prices. Current year = 2007, Base year = 2002 here.

2002 : Qb = 4 , Qp = 3  , Pb = 0.5  , Pp = 1

2007 :  Qb = 5 , Qp = 4 , Pb = 1 , Pp =  1.5

Real GDP  [2002] = Pb(02) Qb(02) + Pp(02) Qp(02)

= (0.5)4 + 1(3) = 2 + 3 = 5

Real GDP [2007] = Pb(02) Qb(07) + Qp(07) Pp(02)

= 0.5 (5) + 1 (4) = 2.5 + 4 = 6.5

Nominal GDP [2002] = Pb(02) Qb(02) + Pp(02) Qp(02)

= (0.5)4 + 1(3) = 2 + 3 = 5

Nominal GDP [2007] = Pb(07) Qb(07) + Pp(07) Qp(07)

= 1 (5) + 1.5 (4) = 5 + 6 = 11

GDP Deflator [currrent year 07] = Nominal GDP (07) / Real  GDP (07) x 100

(11 / 6.5) x 100 ~ 169

So, implicit inflation rate is 69%

6 0
3 years ago
Lindsay needs to purchase a car. The car she is planning on purchasing costs $12,000 and she has $2,000 that she will be using a
adell [148]

a) To purchase the car, Lindsay will need to finance the dollar amount of <u>$10,000</u>.

b. In one year, the dollar amount of interest Lindsay will pay on loan is $300.

c. In two years, for Lindsay to finally OWN the car, the actual cost of the vehicle will be in dollars, that is (down payment + amount financed + 2 years interest = actual cost of the car) is <u>$12,600</u>.

<h3>What is a down payment?</h3>

A down payment is an initial payment made upfront for the purchase of an asset, which is being financed by another entity at a stated interest rate.

A down payment reduces the amount that is subject to the loan terms.

<h3>Data and Calculations:</h3>

Cost of a car = $12,000

Downpayment = $2,000

Car Loan = $10,000

APR = 3%

Interest for two years = $600 ($10,000 x 3% x 2)

Thus, since Lindsay is making a down payment of $2,000 for the car, she will finance $10,000 of the purchase costs.

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4 0
1 year ago
You have older parents who have been saving for retirement for decades. They are now getting close to retirement age and are loo
Elis [28]

Based on my knowledge of inflation and its redistribution of purchasing power, I would advise my older parents to embark on Plan B by <u>purchasing a business</u>.

<h3>How does inflation redistribute purchasing power?</h3>

Inflation redistributes purchasing power by giving less value to lenders and savers than to borrowers and investors.

The purchasing power of a fixed money plan decreases.  On the other hand, the purchasing power from variable investment changes with inflation.

A business would also increase its value over time more than a fixed investment.

Thus, based on my knowledge of inflation and its redistribution of purchasing power, I would advise my older parents to embark on Plan B by <u>purchasing a business</u>.

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