When It Comes to External Secondary Data, Which of the Following

question 16

Multiple Choice

When it comes to external secondary data, which of the following statements if FALSE?

• A) Most people underestimate what is available.
• B) There is likely to be relevant external secondary data on almost any problem.
• C) The fundamental problem with relevant external secondary data is availability
• D) The fundamental problem with relevant external secondary data is identifying and accessing what is there.
• E) Researchers who know how much valuable secondary data exists may not know how to find it.

Understand the concept of the product life cycle and its stages: introduction, growth, maturity, and decline.

Recognize the impact of technological innovation on product adoption and market saturation.

Identify the factors that contribute to the rapid adoption and success of new products.

Distinguish between various types of product testing and their purposes in new product development.

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Definitions:

Protected Class

A group of people legally protected from discrimination by law, based on characteristics such as race, gender, age, disability, and sexual orientation.

BFOQ

Bona Fide Occupational Qualification refers to a quality or an attribute that employers are allowed to consider when making decisions on the hiring and retention of employees—a quality that when considered in other contexts would constitute discrimination and thus be illegal.

Discriminate Against

Unfair treatment of a person or group based on preconceived judgments or characteristics.

Employment Law

The body of law that governs the rights and duties between employers and workers and regulates the working environment.