Some of the Disadvantages of Secondary Data Are High Cost

question 52

True/False

Some of the disadvantages of secondary data are high cost, speed, availability, and inflexibility.

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Definitions:

Merchandise Return

Occurs when customers return previously purchased products to the seller, typically resulting in a refund or store credit.

Account Settlement

The process of reconciling and closing an account by paying off any outstanding balance.

Cost Of Goods Sold

Costs directly connected to the production of a company's sold merchandise.

Cost Of Goods Purchased

The total expense incurred to buy goods over a period, including transportation and handling, not yet necessarily sold.