Which of the following is accurate statement of a good marketing information system?
It focuses solely on maximizing the amount of data generated irrespective of relevance.
It typically uses only external sources of data in marketing research.
It balances the information that a firm would like to have against what they really need.
It develops a way of offering information about future plans of action that might not be very feasible or cost-effective.
It eliminates the time-consuming task of assessing the information needs of a firm.
Answer: It balances the information that a firm would like to have against what they really need.