Why Do Retailers Use Statistics Canada Census Data

question 87

Multiple Choice

Why do retailers use Statistics Canada Census data?

• A) The literature provides retailers with quarterly economic trends that are easily understood.
• B) Retailers use the information provided when entering international markets.
• C) The information provides updates and descriptions of current fads.
• D) They provide retailers with demographic information.
• E) All of these are true.

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Definitions:

Marketplace

A space, physical or virtual, where buyers and sellers meet to exchange goods and services.

Communications

The process of exchanging information, ideas, thoughts, and feelings through verbal or non-verbal means.

Social Media Evaluation

The assessment of social media platforms and content to measure performance, reach, engagement, or effectiveness of marketing strategies.

Reminder Advertising

A marketing strategy focused on keeping a brand or product in the minds of consumers, rather than introducing new information.