Primary Data Are ____________

question 15

Multiple Choice

Primary data are ____________.

• A) less time-consuming to acquire and less costly than secondary data.
• B) Newly published results of government investigations.
• C) data collected for the first time specifically for a marketing research study.
• D) part of a strategic planning activity to ensure proper resource alcation.

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Definitions:

Specific Identification

A method of inventory costing that tracks the cost of individual items or batches of items.

Hardware Store

A retail store specializing in the sale of tools, building materials, and home improvement products.

Music Store

A retail business specializing in the sale of musical instruments, sheet music, recordings, and related accessories.

Specific Identification

An accounting method used to track and assign costs to individual pieces of inventory, useful for unique or high-value items.