A Major Disadvantage of Primary Data Collection Is

question 135

Multiple Choice

A major disadvantage of primary data collection is

• A)it can be accessed only through syndicated databases or unstructured data mines.
• B)it cannot be tailored to meet specific research needs.
• C)it requires more sophisticated training and experience to design the study and collect data.
• D)it is too general to meet researcher's and manager's needs.
• E)it does not offer behavioral insights that can be obtained from secondary data.

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Definitions:

Capitalism

An economic system where private individuals own and control trade and industry rather than them being controlled by the state.

Economic Interests

The financial benefits or priorities of individuals, companies, or countries.

Social Consciousness

An awareness shared by individuals within a society regarding social issues, including inequalities and injustices, promoting collective action.

Externality

A consequence of an economic activity, such as pollution, that affects third parties.