Generating Primary Data Is Generally a ____________ Process

question 6

Multiple Choice

Generating primary data is generally a ____________ process.

• A)time consuming,inexpensive
• B)quick,expensive
• C)quick,inexpensive
• D)time consuming,expensive
• E)None of these are correct.

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Definitions:

Business Activity

The various actions a business engages in as part of its operations, ranging from production to sales.

1929

The year marked by the stock market crash in October, which led to the Great Depression, a severe worldwide economic downturn.

High Inflation

Is a term describing a situation where prices for goods and services rise excessively, reducing purchasing power and potentially destabilizing the economy.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, usually identified by a fall in GDP in two successive quarters.