Which of the Following Statements Is True About Primary Research

question 5

Multiple Choice

Which of the following statements is true about primary research?

• A)Primary research refers to the analysis of data collected by others outside an organization.
• B)Primary research provides feedback directly related to an organization and its needs.
• C)Primary research is less time-consuming and economical to carry out than secondary research.
• D)Primary research is free from biases toward preexisting opinions and beliefs.
• E)Primary research is generally less reliable and useful for your business reports than secondary research.

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Definitions:

Price of Hay

The cost at which hay is sold or bought, often influenced by factors such as quality, availability, and demand.

Club Membership

Club membership describes an individual's subscription or affiliation with a private group that offers access to exclusive resources or activities.

Price of Y

The market value or cost assigned to good Y, influenced by factors like supply, demand, and market conditions.

Discount

A reduction from the full price or standard cost of a good or service, often used to stimulate sales or clear inventory.