Which Statement Best Describes Primary Data

question 206

Multiple Choice

Which statement best describes primary data?

• A) It is collected for the first time specifically for a marketing research study.
• B) It takes less time to acquire and is less costly than secondary data.
• C) Its newly published results consist of government investigations.
• D) It is part of a strategic planning activity to ensure proper resource allocation.

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Definitions:

HR Policies

Set guidelines and procedures in a company regarding how employees are managed and treated.

Incentive Pay

A form of compensation designed to reward employees for achieving performance targets or for their contributions to organizational success.

U.S. Labor

U.S. Labor refers to the workforce of the United States, including its structure, laws, regulations, and cultural dynamics that govern labor relations and employment practices.

Skills Availability

The extent to which necessary skills and competencies are accessible within a labor market to meet the demands of employers.