Small Organizations Can Effectively Obtain and Use (With Minimal Effort

question 157

Multiple Choice

Small organizations can effectively obtain and use (with minimal effort and cost) the following types of data, except ________.

• A)experimental data
• B)observational data
• C)secondary data
• D)online data
• E)ethnographic data

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Definitions:

Inventory Turnover

A ratio that shows how quickly a company's inventory is sold and replaced over a specific period, indicating the efficiency of inventory management.

Merchandisers

Businesses that purchase goods for resale to consumers, playing a vital role in the retail industry by moving products from manufacturers to the market.

Wholesalers

Businesses that purchase goods in large quantities from producers to resell them to retailers or other businesses.

Retailers

Businesses that sell goods and services directly to consumers.