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3 years ago

In this market research step, the data are compiled, studied, and interpreted:

Business

1 answer:

Nuetrik [128]3 years ago

4 0

Answer:

Data Preparation/Assembling Analysis

Explanation:

In the data analysis step of Market Research, the data collected in the research are put together, arranged in an organized form, put through detailed review, properly verified by an valid process, interpreted and expounded

In the preparation and analysis step, the data is formatted by editing, coding, transcription and verification to enable accurate analysis of the collected information. Data validation process is put in place to ensure that the proper data that quantifies the desired metrics are obtained.

The process of data preparation and analysis enables the decision making process by promoting the process of suggesting conclusions, whereby useful information is highlighted by the modelling, transformation, cleaning, and inspection data analysis processes

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In "thinking like an economist," the section "the role of economic theory" states that many economists believe that useful insig

rusak2 [61]

In "thinking like an economist," the section "the role of economic theory" states that many economists believe that useful insights into our behavior can be gained by assuming that we act as if governed by the rules of rational decision-making.

It is possible to define rational decision-making as a decision-making process that incorporates reasoning at every stage. It is founded on the use of impartial knowledge. The first step in making a reasonable decision is to identify the issue that needs to be resolved, followed by the collection of all relevant data.

The next step is to examine every outcome that might result from each potential solution. The decision-making process that follows comprises weighing all viable options and selecting the best one based on reasoning.

Rational decision-making examples include:

● A student chooses what to study in his post-secondary education.

● A commercial choice regarding what to buy for the company.

To know more about decision-making refer to:

brainly.com/question/1249089

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7 0

1 year ago

Julie Convenience Store sold merchandise for cash to a customer, and recorded a debit to Cash for $371, which included a 6% Sale

nlexa [21]

Answer:

C) credit Sales Tax Payable for $21

Explanation:

Based on the information given In the same transaction, they must also CREDIT SALES TAX PAYABLE FOR $21 Calculated as:

First step is to calculate the sales tax element

Sales tax element = $371*6/106

Sales tax element= $21

Now let calculate what the Price exclusive of sales tax would be

Price exclusive of sales tax=$371-$21

Price exclusive of sales tax= $350

The correct journal entry should be:

Dr Cash $371

Cr Sales revenue $350

($371-$21)

Cr Sales tax payable $21

3 0

3 years ago

Compute the present value of $700 paid in three years using the following discount rates: 5 percent in the first year, 6 percent

Aneli [31]

Answer:

$587.79

Explanation:

Data provided in the question

Amount paid in three years = $700

Discount rate in the first year = 5%

Discount rate in the second year = 6%

Discount rate in the third year = 7%

So by considering the above information, the present value is

= (Amount paid in three years) ÷ (1 + Discount rate in the first year × 1 + Discount rate in the second year × 1 + Discount rate in the third year)

= ($700) ÷ (1 + 0.05 × 1 + 0.06 × 1 + 0.07)

= ($700) ÷ (1.05 × 1.06 × 1.07)

= $700 ÷ 1.19091

= $587.79

5 0

3 years ago

What are the five main reasons why the travel and tourism industry is important in the United States?

lukranit [14]

Over the decades, tourism has experienced continued growth and deepening ‎diversification to become one of the fastest growing economic sectors in the world. ‎Modern tourism is closely linked to development and encompasses a growing number ‎of new destinations. These dynamics have turned tourism into a key driver for socio-‎economic progress.‎

Today, the business volume of tourism equals or even surpasses that of oil exports, ‎food products or automobiles. Tourism has become one of the major players in ‎international commerce, and represents at the same time one of the main income ‎sources for many developing countries. This growth goes hand in hand with an ‎increasing diversification and competition among destinations.‎

This global spread of tourism in industrialised and developed states has produced ‎economic and employment benefits in many related sectors - from construction to ‎agriculture or telecommunications.‎

The contribution of tourism to economic well-being depends on the quality and the ‎revenues of the tourism offer. UNWTO assists destinations in their sustainable ‎positioning in ever more complex national and international markets. As the UN agency ‎dedicated to tourism, UNWTO points out that particularly developing countries stand to ‎benefit from sustainable tourism and acts to help make this a reality

7 0

3 years ago

What two steps can a project manager take to overcome the planning fallacy?

Lemur [1.5K]

Two steps that a project manager should take to overcome the planning fallacy are:

A) Meet with teammates to uncover potential risks.

C) Consider all risks and carefully examine them.

The planning fallacy is a phenomenon in which predictions about how an awful lot of time might be wished to finish a future task show an optimistic bias and underestimate the time needed.

commonly, participants in those research show off the making plan fallacy. As an example, college college students are generally renowned that they've commonly completed beyond assignments very close to their deadlines, yet they insist that they will end the following undertaking well in advance of the brand new cut-off date.

The making plans fallacy refers to a prediction phenomenon, all too familiar to many, wherein humans underestimate the time it'll take to finish a future task, in spite of the information that previous responsibilities have commonly taken longer than planned.

<em>The question is incomplete. Please read below to find the missing content.</em>

<em />

What two steps can a project manager take to overcome the planning fallacy?

A)Meet with teammates to uncover potential risks.

B)Expand the project’s scope.

C)Consider all risks and carefully examine them.

D)Increase the project’s budget.

Learn more about the planning fallacy here brainly.com/question/9087023

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3 0

2 years ago