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sleet_krkn [62]
2 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]2 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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Many people believe that pure monopolies charge any price they want to without affecting sales. Instead, the output level for a
irga5000 [103]

Answer: Option (d) is correct.

Explanation:

Correct Option: Marginal revenue equals marginal cost.

Pure monopoly is a market situation in which there is a single firm who are producing the goods and these goods are the close substitute. There is no other firm in the market. So, the monopoly firm is the price setter.

The output level that is produced by the profit maximizing monopoly firm is at a point where marginal revenue is equal to the marginal cost. It is the same profit maximizing condition that a competitive firm also utilize to find their equilibrium level of output.

3 0
3 years ago
Ace Bonding Company purchased merchandise inventory on account. The inventory costs $3,700 and is expected to sell for $6,400. H
snow_lady [41]

Answer:

Ace records the purchase:

Inventory 3,700 Accounts payable 3,700

Explanation:

Ace Bonding Company purchased merchandise inventory on account. The inventory costs $3,700.

Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made. At that time of purchasing, the company has not sold the merchandise yet. The entry records the purchase:

Debit Inventory $3,700

Credit Accounts payable $3,700

7 0
3 years ago
Round Barn stock has a required return of 11.00% and is expected to pay a dividend of $2.35 next year. Investors expect a growth
34kurt

Answer:

$47

Explanation:

Given that,

Required return = 11.00%

Expect a growth rate = 6.00%

Expected to pay a dividend next year = $2.35

Stock Price:

=  Dividends (Div)  ÷  (Expected Return (R)  -  Dividend Growth Rate (G))

= $2.35 ÷ (11% - 6%)

= $2.35 ÷ (5%)

=  $47

Therefore, the current fair price for the stock is $47.

7 0
3 years ago
Imagine that you work at a store which sells computer components and you have been made the facilitator of a group whose long te
zubka84 [21]
<span>I would give excellent customer service to every customer that walks in so they will spread the word that this store has great service, this will bring in more customers that need parts. I would also recommend to the manager to market the store by offering free gifts if they spend 50 dollars or more, or give out some sort of incentives, maybe a punch card, if you get 10 punches, you can have 50% off your next order.</span>
6 0
3 years ago
Read 2 more answers
The accountant for Mandarin Company is preparing the company's statement of cash flows for the fiscal year just ended. The follo
Inessa05 [86]

Answer:

The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500

Explanation:

The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500

<u>Dividends  payable  a/c</u>

<u>Particulars           Amount                Particulars                    Amount</u>

                                                             Balance b/d                 $ 13,000

Dividend paid (Cash)  $ 54,500 Dividend declared            $57,000

Balance c/d               $ 15,500

                                     $ 70,000                                             $ 70,000

Therfore, The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500

8 0
3 years ago
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