A Marketing manager wants to do a market study before launching a new product. The research study will take three months to complete. Just two weeks before starting the study, she learns that their competitor is about to launch a product that will compete directly against her company's new product. Given this new development, she decides to cancel the research study and launch the product immediately. The reason for NOT conducting the study is:
A) the problem can be resolved using existing information.
B) the problem is not of strategic or tactical importance.
C) adequate information is available in the company's internal records to resolve the problem.
D) time constraints associated with the problem make it impossible to conduct the study.
E) the cost of conducting the study outweighs the benefit of additional information.
Correct Answer:
Verified
Q6: In contrast to marketing researchers, management decision-makers
Q7: A scientific research procedure should include all
Q8: Symphony, a market research firm has formed
Q9: At which stage of the research process
Q10: A census refers to:
A)a situation where marketing
Q12: Causal research is most appropriate when:
A)generating insights
Q13: Which of the data collection technique is
Q14: According to the Iceberg principle:
A)one can often
Q15: Information research process:
A)helps understand the value of
Q16: Marilynn Castillo is a Marketing manager with
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents