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Author Question: When creating a demand function, we would NOT use data on (Read 40 times)

itsmyluck

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Question 1

A problem with using market observation data for business planning is that
◦ the data may be subject to ethical problems.
◦ the data may be subject to untruthful responses.
◦ relationships that held in the past may not hold in the future.
◦ B and C

Question 2

When creating a demand function, we would NOT use data on
◦ advertising.
◦ our production costs.
◦ customer's income.
◦ our prices.


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Marked as best answer by itsmyluck on May 25, 2020

emily12345

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itsmyluck

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)


adf223

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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