What is the central purpose of marketing research?

What will be an ideal response?


The central purpose of marketing research is to point managers towards better marketing decisions.

Business

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A product consists of four components with reliability of 0.85, 0.99, 0.88, and 0.89, respectively. The third and fourth components have backups with corresponding reliability of 0.88 and 0.89. Calculate and indicate product reliability.

a. 0.82% b. 0.78% c. 0.63% d. 0.93%

Business

An airplane that FedEx owns and uses to deliver packages is a(n) ____ of FedEx.

A. liability B. asset C. owners' equity D. expense E. revenue

Business

An option that gives the owner the right to sell a financial instrument at the exercise price within a specified period of time is a(n) ________

A) call option B) put option C) American option D) European option

Business

Which of the following is NOT a category of strategy that service providers can use to match service promises with service delivery?

A. Improve customer education B. Manage customer expectations C. Integrate the service dimensions D. Manage service promises E. Manage internal marketing communications

Business