Backyard Shoez is a retail business located in Nairobi, Kenya. It sells a wide range a shoes, handbags and accessories for ladies only. Backyard Shoez has three shops in Nairobi. The shops are located in a busy shopping centre where there are other shoe shops. (Source adapted from: https://backyardshoez.com (a) (i) Which one of the following is a method of secondary market research? Select one answer. A Questionnaires B Government reports C Surveys D Focus groups (ii) Which one of the following could be a financial objective for the owners of Backyard Shoez? X Select one answer. A Personal satisfaction B Increased production quality C Increased market share D Loyal employees pance for the owner of a

Managerial Economics: A Problem Solving Approach
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ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter16: Bargaining
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Backyard Shoez is a retail business located in Nairobi, Kenya. It sells a wide range of
shoes, handbags and accessories for ladies only. Backyard Shoez has three shops in
Nairobi. The shops are located in a busy shopping centre where there are other
shoe shops.
(Source adapted from: https://backyardshoez.co
(a) (i) Which one of the following is a method of secondary market research?
Select one answer.
A Questionnaires
B Government reports
C Surveys
X
D Focus groups
(ii) Which one of the following could be a financial objective for the owners of
Backyard Shoez?
Select one answer.
A Personal satisfaction
B Increased production quality
C
Increased market share
D Loyal employees
(iii) Which one of the following is an external source of finance for the owner of a
business?
Transcribed Image Text:qualifications.pearson.com Backyard Shoez is a retail business located in Nairobi, Kenya. It sells a wide range of shoes, handbags and accessories for ladies only. Backyard Shoez has three shops in Nairobi. The shops are located in a busy shopping centre where there are other shoe shops. (Source adapted from: https://backyardshoez.co (a) (i) Which one of the following is a method of secondary market research? Select one answer. A Questionnaires B Government reports C Surveys X D Focus groups (ii) Which one of the following could be a financial objective for the owners of Backyard Shoez? Select one answer. A Personal satisfaction B Increased production quality C Increased market share D Loyal employees (iii) Which one of the following is an external source of finance for the owner of a business?
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