Question detail
EcoWash serves local families while changing supplier; the case evidence includes gross profit margin of ?6,485, sales of 620 units, and a 18% change in costs or demand. Which option best applies Manipulate and interpret data from tables and charts?
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 tables, charts to judge gross profit margin, suppliers 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 fixed and variable costs as identical and ignore the effect on suppliers.
- D. Choose the largest sales figure without checking costs, finance, or context.
Answer
The correct option is: Use tables, charts to judge gross profit margin, suppliers impact, and the business objective in Qualitative, quantitative and decision-making data.
Explanation
This is the best-supported choice because Use tables, charts to judge gross profit margin, suppliers impact, and the business objective in Qualitative, quantitative and decision-making data. The case evidence gives ?7,985, 620 units, and 18%, so the answer must explain the commercial effect rather than repeat a definition. The distractors are weaker because they confuse fixed and variable costs, miss the suppliers, or ignore the business objective.
Common mistake
Qualitative, quantitative and decision-making data common mistake 1
Giving a vague answer instead of directly addressing: Manipulate and interpret data from tables and charts..
Answer by clearly explaining how to manipulate and interpret data from tables and charts..
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