Which of the Following Best Describes Primary Data

question 131

Multiple Choice

Which of the following best describes primary data?

• A) It is collected for the first time specifically for a marketing research study.
• B) It takes less time to acquire and is less costly than secondary data.
• C) Its newly published results consist of government investigations.
• D) It is part of a strategic planning activity to ensure proper resource allocation.

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Definitions:

Genital Stage

A phase in Freud's psychosexual development theory, occurring during puberty, where the libido is centered on the genital area, and the individual develops a strong sexual interest in the opposite sex.

Phallic Stage

In Freudian psychoanalysis, the third stage of psychosexual development when a child's focus of pleasure is on the genital area.

Latent Period

A period of delay between the exposure to a stimulus and the observable response, often used in the context of reflexes and muscle contraction.

Rational Decisions

Choices made based on logical analysis, considering all available information and potential outcomes, to maximize benefit or utility.