A Researcher Needs Data That Reflects What Households Choose to Spend

question 6

Multiple Choice

A researcher needs data that reflects what households choose to spend their money on. Which source of data is likely to provide the most suitable information?

• A) "UK Balance of Payments"
• B) A survey of 500 households (primary data)
• C) "Regional Trends"
• D) "NatWest Bank Quarterly Review"

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Definitions:

Commodity Stock

A stock that represents companies involved in the extraction, production, or sale of raw materials, such as metals, energy, and agricultural products.

Wholesale Price

The cost of goods sold in large quantities, typically to retailers or other entities for resale, not including retail markup.

Trade Discount

A reduction in the listed price of goods or services offered by sellers to buyers in the business-to-business market.

Net Price

The actual price paid for a product or service after subtracting any discounts, rebates, or allowances from the list price.