Identification of cost of market research firm

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Identifying Costs

Consumer Focus is a marketing research firm that organizes focus groups for consumer-product companies. Each focus group has eight individuals who are paid $50 per session to provide comments on new products. These focus groups meet in hotels, and are led by a trained, independent marketing specialist hired by Consumer Focus. Each specialist is paid a fixed retainer to conduct a minimum number of sessions and a per session fee of $2,000. A Consumer Focus staff member attends every session to ensure that all the logistical aspects run smoothly.

Reference no: EM1337014

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