Question detail
PixelPrint serves small retailers while taking a loan; the case evidence includes capacity utilisation of ?7,815, sales of 370 units, and a 44% change in costs or demand. Which option best applies Identify benefits and drawbacks of market research techniques and select the best method for a given business?
Try the question, check the answer, then read the explanation to understand the curriculum point.
At a glance
MCQ
Type
practice
Style
Topic
The purpose and methods of market research
Question
- A. Use benefits, techniques, market, drawbacks to judge gross profit margin, shareholders impact, and the business objective in Qualitative, quantitative and decision-making data.
- B. Give only a definition of The purpose and methods of market research without using the case evidence.
- C. Treat revenue and profit as identical and ignore the effect on shareholders.
- D. Choose the largest sales figure without checking costs, finance, or context.
Answer
The correct option is: Use benefits, techniques, market, drawbacks to judge gross profit margin, shareholders impact, and the business objective in Qualitative, quantitative and decision-making data.
Explanation
The answer is commercially strongest because Use benefits, techniques, market, drawbacks to judge gross profit margin, shareholders impact, and the business objective in Qualitative, quantitative and decision-making data. The case evidence gives ?9,315, 370 units, and 44%, so the answer must explain the commercial effect rather than repeat a definition. The distractors are weaker because they confuse revenue and profit, miss the shareholders, or ignore the business objective.
Common mistake
Qualitative, quantitative and decision-making data common mistake 1
Giving a vague answer instead of directly addressing: Identify benefits and drawbacks of market research techniques and select the best method for a given business..
Answer by clearly explaining how to identify benefits and drawbacks of market research techniques and select the best method for a given business..
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