True or False? "Market researchers always prefer to use secondary data because secondary data is cheaper than primary data." Is this statement true or false? Use your own words to clearly explain your answer.
Q: Demonstrate why it is important to analyze requirements?
A: Requirements analysis can be broadly defined as the process or methodology employed to determine the...
Q: The demand faced by CBA company each week is estimated to be normally distributed with a mean of 100...
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Q: for each medium with its audience coverage is given below. Television Newspaper Radio Cost per adver...
A: Here given decision variables -T = No. of Television adsN = No. of Newspaper adsR = No. of Radio ads
Q: What type of process is used for making each of the following products?(a) beer(b) wedding invitatio...
A: Manufacturing is the development of products, from televisions & cars to guitars or clothing. Th...
Q: What are five supply chain decisions that are affected by packaging. Provide specific examples
A: Packaging is a co-ordinated procedure of composing goods for secure, safe, efficient, & effectiv...
Q: 24. Darron Mack owns the Gas n' Go convenience store and gas station. After hearing a marketing lect...
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Q: Customers arrive at a bank counter manned by a single cashier according to Poisson distribution with...
A: Mean Arrival rate =λ = 6 customers per hour Service rate =µ = 10 customers per hour Utilization rate...
Q: Will preventive maintenance eliminate all breakdowns?
A: A Small Introduction about Maintenance Maintenance is the mix of all specialized, authoritative, ...
Q: The carrying cost curve and ordering cost curve of Bulldogs Inc.’s inventory intersect at 3,500 unit...
A: Economic order quantity is the optimal order quantity that any company should purchase to reduce the...
Q: Bulldogs Inc. expects to use 96,000 litters of paint annually costing P12 per litter. Inventory car...
A: Economic order quantity is the optimal quantity that the businesses purchases to minimize their tota...
Q: What is the reliability of the following parallel productionprocess? R 1 = 0.95, R2 = 0.90, R3 = 0.9...
A: The given system is in parallel as shown below.
Q: designing organisation structure) 2. Explain how large span of control increases organization effici...
A: The term span of control can be understood as the number of subordinates that report to a specific m...
Q: 7. Describe the factors that impact the supply of the Samsung company’s main products/services
A: The capability to analyze, procure, & strengthen the resources needed to run a business efficien...
Q: Data collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown ...
A: Formula used- 3-period moving average forecast=At-1+At-2+At-33 3-period weighted moving average fore...
Q: PayPal is quickly becoming one of the most popular methods of payment in E-commerce, and is availabl...
A: Paypal is a popular American company which functions all around the globe to make online payments po...
Q: Which of the following examples includes a properly formatted in-text citation for a paraphrase? A A...
A: Journal and articles on operations management or on any other subjects, when presented or referenced...
Q: Use the simplex method to maximize the given function. Assume all variables are nonnegative. Maximi...
A: Given LP-Max f= 7x+14y +4zSubject to-3x+5y+4z≤303x+2y≤ 4x+2y≤ 8x,y,z≥0
Q: Discuss the three (3) steps of what The Project Scope statement must entail
A: Project scope is the documentation of all the project goals, deliveries, expectations, and other imp...
Q: Explain how does market failure cannot deliver theoretical benefits and what are its effects on the ...
A: The law of supply and demand emphasizes the interaction between the buyers and sellers of services, ...
Q: Discuss the merits and demerits of management by objectives
A: A Small Introduction about Management Management is the accomplishment of hierarchical objectives...
Q: Explain, using an example, how the replacement of a component could have unintended repercussions an...
A: According to the question , we have to explain, using an example, how the replacement of a componen...
Q: he Bank of Seattle is open Monday through Friday from 9am to 5pm. From past experience, the bank kno...
A: Develop a spreadsheet as shown below: note: part timers will be hired at 2pm or before 2pm because o...
Q: Dr. Khan starts his own dental practice after quitting his $150,000 job at The Mall Dental Clinic. H...
A: The detailed solution is given in Step 2.
Q: Using naïve method to make a forecast involving data with trend, the forecasted sales volume for wee...
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Q: You have been tasked with the development of an Inventory Control Management Information System as a...
A: Many IT employees get enthralled by the technology and routine problem-solving involved in working w...
Q: Distinguish between preventive and breakdown maintenance
A: Breakdown maintenance works by running hardware until it breaks down, in which case repairs and supp...
Q: The six attributes of Lean organizations are: __ __ __ ___ ______ ,and ______.
A: Lean management is described as an approach through which organizations are managed and it supports ...
Q: The University of Miami bookstore stocks textbooks in preparation for sales each semester. It normal...
A: The demand ranges from 70 to 90 units, and the likelihood associated with each demand figure is also...
Q: Talisman Games, a local gaming store, stocks the 4th edition of the rulebook of a popular pen-and-pa...
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Q: Imagine that the goal of a project is to detect people at work. The model has been fed to thousands ...
A: We can describe or define prejudice bias as a consequence of cultural influences or preconceptions. ...
Q: Define the seven wastes and the 5Ss. The seven wastes are ___ , ___ , ___ _ ___ . and , and the 5Ss ...
A: The seven wastes refers to the manufacturing practices that are unproductive in nature.
Q: under what circumstances do companies have the right to consider and ban legal employee behaviors du...
A: The hiring process can be stated as the approach of discovering, selecting, and recruiting new candi...
Q: What are the advantages and disadvantages of giving moreresponsibility for machine maintenance to th...
A: Machine maintenance can be stated as the job that keeps the mechanical resources or assets with mini...
Q: Merlin Park Hospital has 4 scan machines and 4 patients to scan. Each machine must be assigned to co...
A: Find the Network representation below:
Q: The Chattanooga Furniture store gets an average of 50 customers per shift. Marilyn Helms, the manage...
A: Given data:Arrival rate = 50 customer/ shift Cost of waiting = $1 minute/customer Cost of sales pe...
Q: Public owners are expected to negotiate bid prices submitted by contractors in an attempt to maximiz...
A: A bid price can be stated as the price for which someone is desiring to purchase something, whether ...
Q: How does sustainability affect consumer involvement ?
A: Consumer behavior is described as the study of the processes and the consumers on how the consumers ...
Q: Question 3 Maya ltd. wants to use the Centre of Gravity location technique to determine where to set...
A: The Center of gravity method is a geographical approach to find a new facility location for the firm...
Q: Set up the simplex matrix used to solve the linear programming problem. Assume all variables are non...
A: Objective Functions and Constraints: Based on the given details, the objective funct...
Q: An organization manufactures supplies for landscaping companies which has an annual demand of 16,000...
A: Inventor cost is the cost incurred during storing, holding, and managing the inventory stock in an o...
Q: a. Use POM for Windows' least squares-linear regression module to develop a relationship to forecast...
A: The algebraic formulation of the regression lines is the Regression Equation. It's used to forecast ...
Q: A contractor has a job which should be completed in 120 days. At present, he has 80 men on the job a...
A: The detailed solution is given in Step 2.
Q: The number of bushels of apples sold at a roadside fruit stand over a 12-day period were as follows:...
A: A moving average is a measurement that catches the average change in an information series over the ...
Q: What is the objective of maintenance and reliability?
A: Maintenance refers to a function whose objective is that the production equipments are available to ...
Q: San Angelo Manufacturing Company was concerned about a growing number of defective units being produ...
A: Trend Analysis: Trend analysis is help to identify the relationship between the give...
Q: Merlin Park Hospital has 4 scan machines and 4 patients to scan. Each machine must be assigned to co...
A: Objective Functions and Constraints: Based on the given details, the objective funct...
Q: Construct the project network diagram using AON method. Calculate ES, EF, LS, LF times for each acti...
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Q: Which is not required by the Small Business Administration for a restaurant loan?
A: A restraunt loan can be provided to a small business for their expansion.
Q: Assuming actual product demand were 1,500; 1540; 1,520; 1,550; and 1,560 for Weeks 1, 2, 3, 4, and 5...
A: Forecasting is the process of estimating the future demand using previous or historic data or inform...
Q: How are the role of of the HR professionals had changed /expanded during the pandemic
A: With no obvious end in sight, the COVID-19 epidemic drove companies and workers into confusion and a...
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- In respect of primary and secondary data compare and contrast: 1) The main differences between primary and secondary data 2)The advantages and disadvantages of primary and secondary dataSecondary market research is generally less valuable than primary market research. Which of the are reasons why this is true? (There may be multiple reasons — check all which apply) Group of answer choices Market conditions may change more rapidly than we expect. So if the research is not fresh there is a chance it will not accurately reflect the market. Secondary market research is cheaper. When you oversee new market research, you know the assumptions which go into the research which means you are better able to interpret the data. Market researchers of earlier research might have omitted information critical to the questions you need to answer.Good market research is essential for planning and forecasting. It also helps target the appropriate market. As the marketing research industry expands, what skills will future executives need to possess? How do these skills differ from those currently needed to function successfully in the marketing research field?
- Prepare a market research using this example. Include the 5 tasks needed in preparing a market research (see image below for reference). Mr. Miranda is a fresh graduate of marketing management. He has observed that the current local administration has institued a number of drastic changes, including the implementation of a curfew for minors and a 1:00 Am liquor ban in Baguio City. Marvin believes that a number of bars in Baguio City might be affected by these new policies. Additionally, he has also noticed the most of the coffee and tea shops in Baguio City are always full. As an aspiring entrepreneur ever since he was young, Marvin eagerly wants to tap the market which he believes he knows the most--the youth. Please help me, explain and elabore the answer. Please see the image below for preparing a market research.To carry out their analysis, planning, implementation, and control responsibilities, marketing managers need a marketing information system (MIS) to assess information needs, develop the needed information, and distribute it in a timely manner. Assume that you are a Marketing Manager of Khaddi and your company wants you to deploy an efficient Marketing information system. Explain how all the components of the Marketing Information system will help Khaadi in collecting information and forecasting demand?Mercy's corporate data model benefits? Is Mercy's entrance into big data making a well-designed model that specifies the company's data needs and goals more or less important?
- Most people know Nielsen as the TV ratings company. In reality, however, Nielsen is a multiplatform market research company that has constantly been evolving since 1923. Its goal is to measure and track a wide range of consumer activity in order to establish a 360-degree view of individuals and market segments. To accomplish this, Nielsen has to follow consumers wherever they may be—watching TV, online, in their homes, or in stores. How does Nielsen track all this activity? The veteran research firm has established effective methods of recording consumer activity, from retail scanner data to household panels to monitoring social networks. As data are captured, they are transferred to a Nielsen data warehouse, where they are matched to the right individual and added to the terabytes of information Nielsen already possesses. Through data sorting and analytics, Nielsen cuts through billions of daily transactions to deliver clear consumer insights to clients. After viewing the video…1. Review the provided CRM data to guide you in selecting the buying firm that will maximize revenue for DataLocker. Once you have analyzed the CRM data, select the appropriate industry that will maximize revenue for DataLocker: Small Size Manufacturing Small Size Hospitality Small Size Services Medium Size Manufacturing Medium Size Hospitality Medium Size Services Large Size Manufacturing Large Size Hospitality Large Size Services1. What do you understand by the term Data. 2. Mention any three management areas where business data is required. 3. What is a raw data set? 4. What is primary data and how is it obtained? 5. What are the essential differences between primary and secondary data? 6. Give two examples of secondary data. 7. Why is it important that researchers should made known the categories of data been used.
- Which type of data analysis and research design (quantitative) can be applied to the following research hypothesis? The impact of COVID-19 on the hospitality industry was too great for them to rely on savings.Satmetric capitalizes on the need for "recent" marketing research by providing clients with data on a weakly basis 1) true 2) falseI need answer typing clear urjent no chatgpt used i will give 5 upvotes To prepare for this problem, read carefully the Application box on How Consumers Respond to Tax Rebates. 1.) Evidence suggests that the 2001 tax rebates were A.initially spent by consumers who later increased their saving. B. almost entirely spent by consumers, ○ C. initially saved by consumers who later increased their spending. ○ D. almost entirely saved by consumers.