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"Single Source Data" Describes a New Marketing Research Technique Which

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"Single source data" describes a new marketing research technique which allows a variety of product usage projections to be made from the single fact of where a consumer lives.


Definitions:

Implicit Favorite

An unconsciously preferred choice or option among a set of alternatives, often influencing decision-making processes.

Alternatives

Are different options or choices available to decision-makers in a problem-solving or decision-making process.

Escalation of Commitment

The tendency to continue to invest in a decision or project despite evidence of its failure, often due to emotional attachment or sunk costs.

Prospect Theory

A psychological theory that describes how people choose between probabilistic alternatives that involve risk, where the potential for losses is weighted more heavily than equivalent gains.

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