Which of the Following Is the Correct Sequence of Steps

question 255

Multiple Choice

Which of the following is the correct sequence of steps in the marketing research process?

• A) Getting problem-specific data; interpreting data; defining the problem; analyzing the situation; solving the problem.
• B) Analyzing the situation; getting problem-specific data; interpreting data; defining the problem; solving the problem.
• C) Defining the problem; getting problem-specific data; interpreting data; analyzing the situation; solving the problem.
• D) Defining the problem; analyzing the situation; getting problem-specific data; interpreting the data; solving the problem.
• E) None of these is the correct sequence of steps in the marketing research process.

---

Definitions:

Profit

The income earned when the total revenue from business activities is higher than the combined expenses, costs, and taxes necessary for those activities.

Proportions

The relationship between parts and a whole in terms of size, quantity, or degree.

Factor 2

A component or element that contributes to a particular result or situation.

Profit

The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.