The Purpose of a Database Is to Keep Track of Things

question 72

Short Answer

The purpose of a database is to keep track of things that involve more than one ________.

Understand the principles of developing effective questionnaire questions for research.

Identify the advantages and disadvantages of different survey methods.

Understand the use and structure of open-ended questions in gathering qualitative data.

Recognize the significance of trend hunting in marketing and product development.

---

Definitions:

Minus Sign

A symbol (-) used to indicate subtraction or to represent a negative value.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price point, at a specific time.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price, indicating the sensitivity of demand to price changes.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded.