Secondary Data Is Data That Already Exists

question 30

True/False

Secondary data is data that already exists. It is not created by the researcher.

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Definitions:

Social Practices

Refers to the habitual, widely accepted behaviors, norms, and routines that shape the daily activities and interactions of people within a society or community.

Competitive Advantage

A condition that allows a company or organization to produce goods or services more effectively than competitors, leading to greater sales or margins.

Customer Satisfaction

The measure of how products or services supplied by a company meet or surpass customer expectation.

Annual Spend

The total amount of money a company or individual spends over the course of a year, often used in the context of budgeting and financial planning.