Which of the Following Best Describes Primary Data

question 80

Multiple Choice

 Which of the following best describes primary data? 

• A) Data collected specifically for the research problem under investigation
• B) Data that has previously been collected for other purposes but can be used for the problem at hand
• C) Data collected through business and industry publications
• D) Data collected through government reports or syndicated data providers

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Definitions:

Sampling

The process of selecting a subset of individuals or items from a larger population or collection to estimate characteristics of the whole group.

Commodity Products

Commodity products are basic goods that are interchangeable with other goods of the same type, typically standardized and traded on bulk in markets.

Buying Decisions

The process by which individuals or organizations select products or services to purchase, influenced by factors such as needs, desires, and external pressures.

Point-Of-Purchase Display

Marketing materials or advertising placed next to the merchandise it is promoting, typically found in the retail environment.