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________ Is a Process Which Transforms Data Using Mathematical Formulas

question 45

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________ is a process which transforms data using mathematical formulas, so that no one can read the data unless they know the key to unscrambling it.

Understand the step-by-step process involved in conducting marketing research.
Learn the importance of evaluating the results of marketing decisions, including the decision process and decision outcomes.
Recognize the role of cross-tabulation in organizing and presenting marketing data.
Grasp the concepts of direct and lost-horse forecasts and their utilizations in marketing.

Definitions:

Direct Materials

Raw materials that can be directly traced to the manufacturing of a product in terms of quantity and cost.

Direct Labor

Employees who are directly involved in the production of goods or services.

Job Lot

A batch of goods produced based on a specific customer order, differing in quantity or specifications from other batches.

Production Process

The sequence of operations that transforms raw materials or components into finished goods or services.

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