Question

The owner of a used car dealership has a compilation of historical list and sales prices from her own company, average current list prices from her competitors, auto loan rates from local banks and credit unions, with an analysis of the demographics of the surrounding community.

What is this an example of?

Answer 1

This is an example of a business owner conducting market research by gathering data on historical sales prices, average current list prices from competitors, auto loan rates, and the demographics of the surrounding community.

Step-by-step explanation:

This is an example of a business owner conducting market research.

The owner is gathering data on historical sales prices, average current list prices from competitors, auto loan rates, and the demographics of the surrounding community.

This information will help the owner make informed decisions about pricing, marketing strategies, and target customer demographics