According to the Text,primary Data Are an Economical and Quick

question 88

True/False

According to the text,primary data are an economical and quick source of background information.

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Definitions:

Efficiency

The effectiveness with which a system, process, or organization uses its resources to achieve its objectives, often with minimum waste or effort.

Allocating Resources

The process of assigning available resources, such as time, money, and labor, to specific uses to achieve an organization's objectives.

Equilibrium

A state in which market supply and demand balance each other, and, as a result, prices become stable.

Market Fluctuation

Variations in the market prices of goods, services, or securities due to changes in supply and demand, investor sentiment, or other factors.