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sleet_krkn [62]
3 years ago
12

Identify three major groups of people involved in the marketing research process, and then give at least one example of an uneth

ical behavior sometimes practiced by each group.
Business
1 answer:
laila [671]3 years ago
6 0

Answer:

1. Data collectors

2. Statisticians

3. Report writers/presenters

Explanation:

The marketing research process is a process by which individuals working for a firm, group up to identify problems in the firm's market or with the firm's commodity, design research plans, seek data on identified problems, compile data, analyze data, and give reports.

Ethics is a philosophical principle which defines what is right from what is wrong. Unethical behavior or practices are those acts perceived as wrong, as pertains to the role an individual should play in an institution.

(A) Data Collectors

Due to the tediousness of the data collection process in most researches, data collectors leave gaps in field work. Examples of these gaps or unethical behaviors include:

- Underrepresentation of study groups - e.g. the control group, experimental group, interviewees, etcetera; depending on the method of data collection.

- Use of inappropriate data collection method for the research

- Working outside of the purpose of the research.

(B) Statisticians

This team is in charge of all computation and figure management. The figures are derived from data collected and are used to give direction and meaning to each set of data. Common unethical behaviors in this field include:

- Replacement of lost data or figures with new data or figures which were not gotten from field work or the data collection process.

- Over approximation or under approximation of figures and results; to suit personal result-interpretation desires.

(C) Report Writers/Presenters

Some unethical practices here include:

- Deliberate removal of some aspects of the project work; to simplify the report writing process

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When average total cost is at its minimum
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If a firm averages $2,000 in daily credit sales and offers 60-day terms, the average accounts receivable balance will be $120,00
Alexeev081 [22]

Answer:

a. True

Explanation:

The computation of the average accounts receivable balance is shown below:

= Daily credit sales × day terms

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Hence, the given statement is true

Therefore the correct option is a.

8 0
3 years ago
You own a bond that pays $64 in interest annually. The face value is $1,000 and the current market price is $1,062.50. The bond
drek231 [11]

Answer:

the yield to maturity of this bond is 5.7%

Explanation:

given data

pays interest annually C =  $64

face value F = $1,000

current market price P = $1,062.50

bond matures n = 30 years

solution

we get here yield to maturity that is express as

yield to maturity =

yield to maturity = [C+ (F-P) ÷ n] ÷ [(F+P) ÷ 2   ]     .................1

put here value and we get

yield to maturity = \frac{64+(1000-1062.50)}{11}  ÷ \frac{(1,000+1,062.50)}{2}

yield to maturity = 0.057

so that the yield to maturity of this bond is 5.7%

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Your auto insurance policy has a 200 monthly premium and 700 deductible. What is the maximum amount you will have to pay out of
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