A Disadvantage of Collecting Primary Data Is That It Is

question 100

Multiple Choice

A disadvantage of collecting primary data is that it is

• A) not available freely.
• B) difficult to interpret.
• C) usually outdated.
• D) overly quantitative.
• E) typically expensive.

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Definitions:

Cash Discount

A reduction in the invoice price offered by sellers to buyers as an incentive for early payment.

Stated Period

A specific time frame that has been mentioned or defined.

Pays Bills

The responsibility of managing and settling financial liabilities such as invoices or debts, often referring to the operational costs of running a business.

Consumer Discount

A reduction in the regular price of goods or services offered to customers.