A Manager Has the Task of Collecting and Analyzing Data

question 54

Multiple Choice

A manager has the task of collecting and analyzing data that will help the firm decide where to locate its international operations.Which of the following BEST describes how the manager should handle this task?

• A)conduct extensive research, regardless of the expense, in order to avoid costly mistakes
• B)compare the costs of data collection with the probable payoff it will generate for the firm
• C)continue data gathering until all data have been collected, regardless of how long this takes
• D)focus all data collection on governmental resources because they have the highest reliability