Disadvantages of Using Secondary Data Include Issues Stemming from Which

question 5

Multiple Choice

Disadvantages of using secondary data include issues stemming from which factor?

• A) Lack of generalizability to multiple populations
• B) Inability to analyze large amounts of information
• C) Inclusion of a variety of data collection techniques
• D) Lengthy institutional review board approval process

---

Definitions:

Marketplace

A physical or digital venue where buyers and sellers come together to exchange goods, services, or information.

Marginal Buyer

The consumer who might leave the market if the price was any higher, indicating their participation is sensitive to price changes.

Willingness To Pay

The greatest sum a consumer is ready to spend for a good or service, showcasing the importance they assign to it.

External Cost

Costs that are not borne by the producers or users of a good or service, but rather by society or third parties, often not reflected in market prices.