The Main Advantage of Primary Data Is That It

question 63

Multiple Choice

The main advantage of primary data is that it:

• A) is inexpensive to collect.
• B) can answer specific research questions that secondary data cannot answer.
• C) consists of data that iseasily available to any interested party.
• D) is already processed and analyzed.

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Definitions:

Value Chain

The full range of activities that businesses go through to bring a product or service from conception to delivery and beyond.

Distribution Channel

The pathway through which goods or services travel from the producer to the end consumer, possibly involving intermediaries.

Situation Assessment

The process of evaluating the current state of an environment, context, or situation, to inform decision-making and strategic planning.