Secondary Data Tends to Be Very Expensive Because It Has

question 69

True/False

Secondary data tends to be very expensive because it has already been analyzed and summarized by another party.

---

Definitions:

Variable Cost

Costs that change in proportion to the level of activity or volume of production in a business.

Contribution Margin

The amount by which the unit selling price exceeds the unit variable cost.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and insurance premiums.

Variable Cost

Costs that change in proportion to the level of activity or production volume, such as materials and labor.