The Biggest Disadvantage of Secondary Data Is

question 3

Multiple Choice

The biggest disadvantage of secondary data is:

• A)That they are not meeting the specific needs of the particular situation or setting.
• B)That it is generally more expensive to collect secondary data than primary data.
• C)That they are generally qualitative in nature.
• D)That they cannot be used for forecasting purposes.

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Definitions:

Product Groupings

The organization or categorization of products into groups or categories based on similarities, purpose, or type, often seen in retail or online stores.

Niches

Specific, targeted segments of a market where businesses can focus their products or services to meet specific consumer needs.

Consumer Income

The total earnings of a consumer, influencing their purchasing power and consumption habits.

High-Quality Products

Goods that exceed the standard expectations in performance, durability, and reliability.