Once a Company Has Conducted Exploratory Research and Reviewed the Resulting

question 126

Multiple Choice

Once a company has conducted exploratory research and reviewed the resulting data, its next step is most likely which of the following?

• A) conduct descriptive research
• B) calculate the representative sample size
• C) identify secondary data sources
• D) select a primary data collection method
• E) conduct qualitative research

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Definitions:

Real Rate of Return

The rate of profit or growth rate after adjusting for inflation.

Nominal Rate

The interest rate before adjustments for inflation, as opposed to the real rate, which is adjusted for inflation.

Inflation

How quickly the average price of goods and services elevates, lessening the power to purchase.

APR

Annual Percentage Rate, the annual rate charged for borrowing or earned through an investment, which includes all fees and costs associated with the transaction.