You Are Researching Secondary Data on the Shopping Habits of Households

question 65

Multiple Choice

You are researching secondary data on the shopping habits of households for your project.You found a data source available via CD-ROM at the library.You are about to check out a(n) ________.

• A) offline database
• B) internet database
• C) customer database
• D) online database

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Definitions:

Lag

A delay or time taken for a process or variable to adjust after a change in another variable or the initiation of a process.

Competitive Business Strategies

Strategies that businesses implement to gain an edge over their competitors in the market.

Broad Differentiation

A strategy where a company distinguishes its products or services from competitors' offerings through varied attributes, appealing to a wide segment of the market.

Low-Cost Provider

A business strategy where a company offers products or services at a lower price than its competitors, aiming to capture market share or cost leadership.