Business Researchers Use Both Primary and Secondary Data When Preparing

question 61

Essay

Business researchers use both primary and secondary data when preparing business reports.Compare these two types of data,describing each source and explaining when each would be used.Then give three examples of each type of data.

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Definitions:

General Agreement

A broad consensus or collective understanding reached by different parties on a specific set of terms or conditions.

Trade Barriers

Restrictions that governments place on international trade to protect domestic industries or to affect the balance of trade.