Which of the Following Is TRUE

question 19

Multiple Choice

Which of the following is TRUE?

• A) Secondary data is always available.
• B) You should only resort to secondary data if primary data is unavailable.
• C) Primary data collection saves time and money.
• D) Some types of marketing research rely almost exclusively on secondary data.
• E) Any needed secondary data can be found on the internet.

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Definitions:

World Price

The global market rate at which a good can be bought or sold, influenced by supply and demand on an international scale.

United States

A country in North America consisting of 50 states and a federal district, known for its significant influence on world economy, politics, and culture.

Deadweight Loss

The loss of economic efficiency that can occur when equilibrium for a good or a service is not achieved or is not achievable.

Tariff

A levy placed on goods and services brought into a country to raise their cost and enhance the competitiveness of homegrown products.