Which of the Following Is NOT an Observation Method to Gather

question 32

Multiple Choice

Which of the following is NOT an observation method to gather market research?

• A) observe vehicle and pedestrian traffic
• B) monitor competitors' advertising from local media
• C) evaluate how many and what kind of customers they currently have
• D) call banking customers to obtain feedback on service
• E) visit and socialize with competitors

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Definitions:

Fair Value

An estimate of the price at which an asset or liability could be bought or sold in a current transaction between willing parties.

Cash

Currency or coins that are used as a medium of exchange for transactions; also, readily available liquidity or assets.

Partnership Act

Legislation governing the operation of partnerships, detailing the rights and responsibilities of each partner.

Partnership Creditors

Individuals or entities to whom a partnership owes money or has a debt obligation.