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Scanner Data Are Used in Quantitative Research Obtained from Scanner

question 86

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Scanner data are used in quantitative research obtained from scanner readings of Universal Product Code (UPC) labels at checkout counters.The data from these purchases are likely to be acquired by leading marketing research firms such as ___________,which use this information to help leading consumer packaged-goods firms (e.g.,Kellogg's,Pepsi,Kraft) assess what is happening in the marketplace.


Definitions:

Weekly Wage

The total amount of compensation a person receives for work performed during a week, often equated in terms of hourly, daily, or piecework payments.

University

An institution of higher education and research which awards academic degrees in various academic disciplines.

Monopolistic Distributor

A market participant that has exclusive control over the distribution of a particular product or service, limiting competition.

Demand Curve

A chart that illustrates how the demand for a product varies with its price.

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