Use secondary data due to the low cost

Assignment Help Business Economics
Reference no: EM131174076

Many small businesses use Secondary data due to the low cost. However, we should also reflect that primary data can be collected by engaging with your customers and asking or watching what they do. The WalMart founder was famous for doing just that. Any thoughts to share on this or other ideas

Reference no: EM131174076

Questions Cloud

Designing health care marketing channels : Designing Health Care Marketing Channels"  Please respond to the following: Please work on the Sheperd Spinal center in Atlanta, or Kaiser Permeanente in Atlanta.
Problem regarding the phylum arthropoda : The Earth's largest phylum is Arthropoda, including centipedes, millipedes, crustaceans, and insects. The insects have shown to be a particularly successful class within the phylum. What biological characteristics have contributed to the success o..
Analyse annual reports of your chosen companies : Analyse annual reports of your chosen companies in light of the reporting requirements imposed on accountants and those charged with governance of corporations. Your analysis should include the following: Are the annual reports in compliance with ..
Slide presentation on plastic bags : In a 1-2 page paper, using APA-style formatting, discuss three things you learned from the slide presentation on plastic bags? If you were given the opportunity to address the public-at-large, what would be your recommendation regarding the use of..
Use secondary data due to the low cost : Many small businesses use Secondary data due to the low cost. However, we should also reflect that primary data can be collected by engaging with your customers and asking or watching what they do. The WalMart founder was famous for doing just that. ..
Ethics in commerce : Sparrow Pharmaceuticals is the maker of several popular drugs used to treat high blood pressure and arthritis. Over time, the company has developed a positive relationship with many of the patients who use its medications through a quarterly newsl..
Which of the three songs most effectively makes it point : Describe the important social issue raised in each of these songs, and the writer's position on that issue. Do you believe that social commentary is important in popular music, or that popular music's main function should be entertainment? Why?
Does the estimated number of data units seem adequate : In analyzing the recordings, what would you define as the unit for analysis? Why? How many data units (in rough estimates) are you likely to get based on this decision? Does the estimated number of data units seem adequate? Why or why not?
Determining the phylum arthropoda : The Earth's largest phylum is Arthropoda, including centipedes, millipedes, crustaceans, and insects. The insects have shown to be a particularly successful class within the phylum. What biological characteristics have contributed to the success o..

Reviews

Write a Review

Business Economics Questions & Answers

  Please describe the four growth theories covered

Please describe the four growth theories covered, and for each list at least one implication for development to the extent the theory is correct.  Which model seems most relevant to you and why?

  Suppose that a firm-faced with constant input prices

Suppose that a firm, faced with constant input prices, recently increased the quantity of each of inputs by 10 percent. As a result, its output increased from 100 units to 120 units. Indicate whether each of the following statements is true, false or..

  Calculate price elasticity of demand at equilibrium price

Suppose the estimated market demand for a computer is P=1000-0.04Q and the market supply is P=0.06Q. What would the market price and output of computer that clears the market (i.e. no excess supply or shortage of goods)? Please show work. Show this o..

  Spent for the brake-minimum attractive rate of return

A machine that produces a certain piece must be turned off by the operator after each piece is completed. The machine "coasts" for 15 seconds after it is turned off, thus preventing the operator from removing the piece quickly before producing the ne..

  Incumbent in market and currently enjoys monopoly

Firm A is the incumbent in a market and currently enjoys a monopoly. Firm B is a potential entrant. The demand in this market is p = 6 - (qA + qB), where p is the industry price of output. Both firms produce output costlessly.

  Local government department provides two services

This local Government Department provides two services: A and B. These two goods require the use of two inputs: X and Y. More specifically, provision of a unit of A requires 4 units of resource X and 10 units of resource Y. Suppose that based upon yo..

  Equilibrium price of coffee mugs rose

The equilibrium price of coffee mugs rose sharply last month, but the equilibrium quantity was the same as ever.

  Is the ship liable

Seller in Bombay sells 5,000 bales of cotton to Buyer, C & F (Inco-terms 2010) Liverpool. Seller transports the cotton to the Bombay harbor and to the ship designated by the Buyer, the SS Allthumbs. Due to an error in counting, only 4,987 bales were ..

  Illustrate what happens to inflation is indeterminate

Illustrate what happens to inflation is indeterminate; it could be either higher or lower than in the standard model.

  Describing confidence intervals

In describing confidence intervals on a mean, z and t intervals are frequently mentioned. How are z and t confidence intervals different? Choose one interval and give an example of how it could be applied within an operations or production environmen..

  Q1 a farmer determined a natural gas preserve on his

q1. a farmer determined a natural gas preserve on his property. he can extract the natural gas for a profit of 40 per

  Compare the analysis to that of profit-maximizing monopoly

where p is the input price, and a, b, α, β > 0. Find the profit-maximizing price and quantity of the input the monopsonist will choose, and compare the analysis to that of the profit-maximizing monopoly

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd