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:

Automatically Terminate

The cessation of a contract or agreement without any action required by the parties involved, typically triggered by predefined conditions being met.

Specific Subject Matter

A particular area of study, knowledge, or interest within a broader field or discipline.

Illegal

Activities or actions that are prohibited by law and subject to punishment, including civil or criminal penalties.

Consideration

Something of value that is exchanged between parties in a contract, which is necessary for the agreement to be legally binding.