Business, 29.01.2020 05:50 homework1911

When conducting research for an industry analysis, why it is necessary to treat with caution the economic statistics for an industry?

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Answer from: holaadios222lol

As they classify the industries grounded on production technology instead of the need of the customer

Explanation:

Economic statistics is the one which is concerned with dissemination, collection, analysis, compilation and processing of the economic data.

When the research is being conducted for the purpose of the analysis of the industry, then it is needed to treat or dealt with the economic statistics, very carefully as it classify or separate the industries grounded on the technology of the production rather the needs of the consumer as it processes the data of the economic.

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

employees use applications that are uniformed so that they are able to look over them more quickly because the do not want to spend a long time reading through the applications so they get all the infomation that the are looking for on the application they made so the do not have to read about unnessacary infomaton. so to make it simple it them find the person that they want to hirer faster with out wasting time.

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