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Gnesinka [82]
3 years ago
9

Golf Digest Companies marketing research department used focus groups, consumer diaries, and in-depth interviews to help their c

lient Callaway Golf Company. These research methods are called:A. quantitative methods B. descriptive researchC. strategic research methodsD. qualitative methods
Business
1 answer:
tangare [24]3 years ago
5 0

Answer:

Option D; QUALITATIVE METHODS

Explanation:

Qualitative market research is an open ended questions(conversational) based research methods that heavily depends on market research methods like; focus groups, in-depth interviews and other renovative research methods.

It is based on a small but highly validated sample size, the small size enables "cost saving" while the importance of the samples and the lack of a defined questionnaire allows free and in-depth discussion and analysis of topics.

Qualitative marketing researchers collect data ranging from focus group, case study, participation observation, innovation game and individual depth interview.

Therefore, the research methods Golf Digest Companies marketing research department used to help their client Callaway Golf Company are called QUALITATIVE METHODS.

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What does it mean to have an "absolute advantage” in production?
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Answer:

In economics, the principle of absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources

(i.e :  India has an absolute advantage in operating call centers compared to the Philippines because of its low cost of labor and abundant labor force.)

Explanation:

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Stone Corporation Stone Corporation adds material at the start to its production process and has the following information avail
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Answer:

Option B

Equivalent units =32,000 units

Explanation:

<em>Equivalent units are notional whole units which represent incomplete work and are used to apportion production costs between work in progress and finished work.</em>

The equivalent units of material = degree of completion × units

<em>Equivalent unit of materials</em>

Item                             Units          Workings                Equivalent unit

opening inventory       7000    0%× 7000                    0

Fully worked              29,500    100% ×  29500           29,500

Closing inventory          2,500    100%×  2500           <u> 2,500</u>

Total equivalent units of materials                              39,000

Notes

1. Degree of completion for opening inventory is 100%-100%= 0%. Remember that materials are added at the beginning; so the material content for the opening inventory has already been completed added in the previous period i.e July

2. Fully work represent the units of inventory introduced in the current period and completed in the same period. Meaning 100% work was achieved in the period.   it is equal to the units introduced = 32,000 - 2500 =29500

3. Closing work in progress material content will be is 100% completed. This represent work started this period but not yet completed.

Equivalent units for the month of August for materials = 0 + 29500 + 2500= 32,000 units

Equivalent units =32,00o units

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