Figure 7-2BFigure 7-2B above shows that primary data may be divided into three related parts. If D represents data collected from individual interviews, focus groups, trend hunting, etc., which type of data is D?

A. questionnaire data
B. internal secondary data
C. external secondary data
D. mined data
E. observational data


Answer: A

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A) that already exists somewhere but is outdated B) that does not currently exist in an organized form C) that already exists but was collected for a different purpose D) used by competitors E) that researchers can only obtain through surveys and observation

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A. point at which the costs of producing a product equal the revenue made from selling the product. B. percentage change in quantity demanded in response to a percentage change in price. C. percentage a product is marked up in response to consumer demand. D. difference between the actual price and the highest price the customer would be willing to pay for the product. E. price that consumers consider reasonable and fair for a product.

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In order to be patentable, an invention must be proven to be able to be marketed profitably

Indicate whether the statement is true or false

Business

What are the steps in the personal finance planning process? Why do you think that this is an important process?

What will be an ideal response?

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