Business, 20.03.2020 01:51 hellokitty1647

A publishing company sponsors a discussion session with seven college instructors who use a specific management textbook. The instructors meet with a moderator who asks their opinions about the textbook, its instructor's manual, and its video and written cases. This is an example of a(n):

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Answer from: eylinglez3ovm16v

Focus group

Explanation:

Focus group is a market research method that brings a few number of people together in order to get feedback from them regrading a business concept, product or service, etc. It is a research method used to gather opinion of the audience.

Focus group helps to easily measure or determine the reaction of customers, although it might not be in-depth enough.

Types of focus group includes single focus group, remote focus group, two way focus group, etc.

Answer from: ajl05

Focus group

Explanation:

A focus group can be defined as a market research method that brings individuals together to provide response about a product, service, it's approach and its marketing campaign.

A focus group consists of a small amount of individuals, usually about six to twelve, which is gotten from within a company's target market.

An organisation may utilize a focus group to get customers feedback regarding a new product or service before they then decide to take up the concept into development.

Answer from: Quest

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

Answer from: Quest

an online clothing brand

explanation:

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