Which Type of Data Is Probably Least Expensive to Collect

question 2

Multiple Choice

Which type of data is probably least expensive to collect?

• A) Primary data
• B) Secondary data
• C) Tertiary research
• D) Subjective research
• E) External research

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Definitions:

Business Purpose

The business purpose defines the reason for the existence of a business or a business transaction, often guiding its goals, strategies, and operations.

Exaggerated

Describes something that has been presented in a way that makes it seem more significant or intense than it actually is.

Routine Request

A standard or common inquiry or petition, usually following a predictable pattern or format.

Personal Introduction

A brief statement or speech made by an individual to present themselves to others, highlighting personal background, interests, and key facts.