The retail mall owner told a marketing researcher, "we have the option of staying open late twice a week or opening up an hour early every day. we need to know which will be most profitable since we cannot do both. the decision must be made in 11 weeks and we only have $10,000 budgeted for this research project." in which step of the marketing research process would the owner determine this budget and time frame?
a. define the problem
b. develop the research plan
c. collect relevant information
d. develop findings and recomendations
e. take marketing actions

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.