Discuss the two potential difficulties that may arise when seeking advice from experts

What will be an ideal response?


Answer:
1.Some individuals who claim to be knowledgeable and are eager to participate may not really possess expertise.
2.It may be difficult to locate and obtain the help from experts who are outside the client organization. For these reasons, interviews with experts are more useful in conducting marketing research for industrial firms and for products of a technical nature, where it is relatively easy to identify and approach the experts. This method is also helpful in situations where little information is available from other sources, as in the case of radically new products.

Business

You might also like to view...

Ignoring income tax effects, which of the following is correct concerning depreciation?

a. Depreciation provides additional cash flow from operating activities than would have been available without the depreciation. b. Depreciation builds a cash reserve to fund the replacement of plant, property, and equipment. c. Depreciation reduces net income but does not usually require a cash expenditure during the period. d. Depreciation is a systematic and rational method for allocating the cost of intangible assets over their useful lives. e. Depreciation provides less cash flow from operating activities than would have been available without the depreciation.

Business

Torino Company has 10,000 shares of $5 par value, 4% cumulative and nonparticipating preferred stock and 100,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $1,000 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is:

A. $0. B. $1,000. C. $3,000. D. $2,000. E. $4,000.

Business

________ are baseline values the system seeks to attain.

Fill in the blank(s) with the appropriate word(s).

Business

When comparing two population means using data that are gathered from a matched pairs experiment, the test statistic for ?D is Student t-distributed with v = nD - 1 degrees of freedom, provided that the differences are normally distributed

Indicate whether the statement is true or false

Business