Data mining requires significant amounts of detailed data

Indicate whether the statement is true or false


TRUE

Business

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Which of the following companies would be most likely to use the retail method?

a. A dealer in heavy machinery b. A TV repair company c. A women's dress shop d. A farm supply company

Business

Which of the following justifications did marketing and advertising trade groups use to defend themselves against the American Psychological Association's (APA's) restrictions on advertising?

A. Products for children require more awareness than other commercial products. B. Products for children are also commercial merchandise that requires advertising. C. Children are less aware of their needs compared to adults. D. Parents of younger children, rather than the children themselves, make purchase decisions. E. Viewing such advertisements is a part of the consumer socialization process in children.

Business

The target market for a product or service should be given strong consideration before the final price is chosen

Indicate whether the statement is true or false

Business

Insurance purchased from a broker is effective when

a. the application is filled out. b. the first premium is paid. c. the company accepts it. d. a binder is issued.

Business