To Determine Credit Card Average Purchases, Managers of Component City

question 108

Multiple Choice

To determine credit card average purchases, managers of Component City Stereo and Appliances reviewed credit card sales receipts from the previous three months.Managers are conducting marketing research by collecting and analysing:

• A)primary data.
• B)observational data.
• C)questioning data.
• D)secondary data.

Apprehending the importance of effective communication in decision-making.

Understanding the psychological aspects affecting decision-making, such as the impact of biases and intuition.

Understand the basic principles and methodologies of brainstorming for generating new ideas.

Comprehend the stages of creative problem solving and the activities associated with each stage.

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Definitions:

Cognitive Development

The progression and growth of mental processes such as thinking, reasoning, and understanding through different stages of life.

Cultural Influence

The impact that culture has on the way individuals perceive, behave, and interact within society, shaping their values, norms, and practices.

Executive Functions

Executive functions are a set of cognitive processes including attentional control, inhibitory control, working memory, and cognitive flexibility, which are necessary for the cognitive control of behavior.

Cognitive Processes

The mental actions or mechanisms by which knowledge is acquired, processed, and utilized, including perception, memory, and reasoning.