Joe Is Reviewing Secondary Data His Company Collected About Seasonal

question 87

Multiple Choice

Joe is reviewing secondary data his company collected about seasonal variations in consumer spending because he is thinking about developing a new product line.The advantages of using these data include

• A) they are new and can be used to project overall demand.
• B) they can be quickly accessed at a relatively low cost.
• C) they are historical data that can be used to accurately predict future trends.
• D) they have been collected specifically for the purpose Joe is using it for.
• E) their high cost can be justified by the results.

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Definitions:

Profane

That which is secular, not sacred, ordinary, or not regarded as religious or spiritual in nature.

Rituals

Prescribed or customary behaviors and ceremonies that hold significance within a culture or society.

Reification

The conceptual process by which abstract concepts, ideas, or social constructs are made tangible or treated as real and concrete entities.

Economic Exchanges

Economic exchanges are transactions involving the transfer of goods, services, or resources between parties, usually in a market context.