Differentiate data and information with example

Q: Define Secondary data?

A: Market Research is the active acquisition and interpretation of information about persons or…

Q: Explain the concept of data lineage and its significance in data warehousing

A: Data lineage is an important concept in the field of data management and analysis. This includes a…

Q: Discuss the sources of internal data and the advantages and disadvantaged associated with this data.

A: Internal data represents the company's inside information or data, which includes the statistics and…

Q: Define the term information search?

A: Facts and figures collected from the market are called Data. There are different types of data…

Q: Describe each characteristic of a information

A: Introduction: Meaning of information:  Information is the knowledge, which is shared or received.…

Q: What could be the possible risk/s in database marketing?

A: Database marketing is a form of direct marketing where the company looks to promote and sell the…

Q: Explain how consumers use information picked up on the Internet?

A: There are different organizations and industries that are being active these days. This is possible…

Q: what is the relationship between information content and value relevance in an inefficient market?

A: An inefficient market is a market in which the prices of the securities are set on a random basis…

Q: advantages

A: For a business to succeed it needs to access to reliable and accurate information about the market…

Q: What is the difference between generic information and personalized information?

A: Organizations are offering different kinds of products and commodities these days to the consumers…

Q: Explain the main difference between primary and secondary data with examples.

A: Data plays a crucial role in research and analysis, aiding in the generation of insights and…

Q: What is the importance of data lineage in data warehousing?

A: A data warehouse is the aspect of a management information system that deals with managing the…

Q: Based on Appendix 2.3, Lululemon has a popular as well as strong brand image, which is one of its…

A: VRIO framework is an analysis that helps the firm to identify tangible and intangible resources and…

Q: What is internal information search ?

A: A phase in the customer purchasing measure for a low-inclusion item; past encounters with things in…

Q: What are the differences between primary and secondary information?

A: The differences between primary information and secondary information are discussed below:…

Q: define relatioship between data and information

A: Data is the information that has been converted into an efficient form for movement or processing…

Q: The White Tooth Device Company is a manufacturer of high-end toothbrushes. For each toothbrush,…

A: Note: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts…

Purchase Process

Purchasing refers to the act of procurement of products or services from a market of resources. The procedures used to accomplish the acquisition of the requisite resources are referred to as the purchasing process. Consumer behavior, customer strategy, product pricing, consumer necessity, and other variables are various parts of the process.