Purchasing Data from a Company Such as NPD Group,Inc

question 4

Multiple Choice

Purchasing data from a company such as NPD Group,Inc.on consumption of frozen pizza in the U.S.is an example of which objective for secondary data analysis?

• A)model building
• B)database marketing
• C)data mining
• D)fact-finding

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Definitions:

Fundamental Concept

Basic or essential principles that form the foundation of a particular field or discipline.

More Expensive

A term used to describe goods or services that have a higher price tag compared to other alternatives or previous prices.

Rational Decision Making

The process of making decisions based on logical reasoning, and often involves weighing the pros and cons or analyzing the costs and benefits.

Objective Decision Making

The process of making decisions based on factual information and logical analysis rather than personal feelings or bias.