Primary Data Can Be Collected in Several Ways

question 47

Multiple Choice

Primary data can be collected in several ways.Which of the following primary data collection methods would be exemplified by constructing see-through mirrors in a retail store whereby consumers' actions could be recorded

• A) Focus groups
• B) Surveys
• C) Observation
• D) Behavioral data
• E) Experiments

---

Definitions:

General Price

The common or prevailing price level for goods or services in a market.

Goods And Services

The tangible products and intangible activities that fulfill the wants and needs of consumers.

Inflation

The rate at which the general level of prices for goods and services is rising, leading to a decrease in purchasing power of the currency.

Budget Shortfalls

A financial situation where projected spending exceeds the revenues or funds available, often leading to the necessity for cuts or borrowing.