Which of the following is an example of primary data?
A) gathering your own data firsthand
B) public information in libraries
C) gathering information about your competition
D) reading the newspaper
A
Business
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Which of the following statements is true of target pricing?
A) It starts with the price that customers are willing to pay. B) It uses the full product cost that a company estimates to arrive at the sales price. C) It does not consider the nonmanufacturing costs when calculating the target cost. D) It is the same as cost-based pricing.
Business
Which term refers to measuring products and services against established standards?
A) data mining B) quality control C) solution selling D) feature dumping E) product configuration
Business