The Major Disadvantages of Primary Data Collection Are That

question 39

Multiple Choice

The major disadvantages of primary data collection are that

• A) it can only be accessed through syndicated databases or unstructured data mines.
• B) it cannot be tailored to meet specific research needs.
• C) it takes more time to collect than secondary data and is more costly.
• D) it is too general to meet researcher's and manager's needs.
• E) all of these are disadvantages of primary research data.

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Definitions:

Potential Output

Potential output refers to the maximum amount of goods and services an economy can produce when it uses its resources fully and efficiently, without prompting inflation.

Cash Conversion Cycle

A metric that expresses the duration (in days) it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

DSO

Days Sales Outstanding, a measure of the average number of days that a company takes to collect revenue after a sale has been made.

Average Inventory

It is the mean value of inventory within a specific period, calculated to help understand inventory levels and manage them effectively.