Marta Is Reviewing Secondary Data Her Company Collected About Seasonal

question 142

Multiple Choice

Marta is reviewing secondary data her company collected about seasonal variations in consumer spending because she is thinking about developing a new product line. The advantages of using these data include

• A)they are new and can be used to project overall demand.
• B)they can be quickly accessed at a relatively low cost.
• C)they are historical data that can be used to accurately predict future trends.
• D)they have been collected specifically for the purpose Marta is using it for.
• E)their high cost can be justified by the results.

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Definitions:

External Locus

A belief system where individuals attribute their success or failure to external factors or forces beyond their control.

External Locus of Control

The belief that one’s outcomes or fate are determined by external forces or luck rather than one’s own actions.

Mental and Physical Health

The overall condition or well-being of one’s mind and body, encompassing emotional, psychological, and physical aspects.

Exerting Effort

The act of applying physical or mental energy towards achieving a specific goal or task.