Talking to Industry Experts, Obtaining Feedback from Prospective Customers, and Administering

question 70

Multiple Choice

Talking to industry experts, obtaining feedback from prospective customers, and administering surveys are examples of ________ research.

• A) primary
• B) secondary
• C) derivative
• D) principal
• E) fundamental

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Definitions:

Profit

The financial gain that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Mechanistic Organization

A highly structured, rigid, and bureaucratic form of organization based on centralized authority and a hierarchical line of command.

Leadership Role

A position of influence and responsibility where an individual guides and directs a group towards achieving a common goal.

Managers

Individuals in an organization responsible for making decisions, overseeing projects, and leading teams towards achieving objectives.