After Reviewing the Existing Data on Seasonal Spending by His

question 24

Multiple Choice

After reviewing the existing data on seasonal spending by his company's customers,Marvin decided he needed new information collected to address his research questions.Marvin will need __________ data to address the questions in his marketing research study.

• A) primary
• B) secondary
• C) mined
• D) syndicated
• E) warehoused

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Definitions:

Exporter

A person, company, or country that sells goods or services to buyers in another country.

Open Account Agreement

A financial arrangement between two parties allowing for the buying and selling of goods and services on credit, without requiring prepayment.

Unfavorable Balance

A situation where a financial balance, such as trade balance or budget, is negative, indicating more outflows than inflows.

Importer

An individual or company that buys goods or services from another country for the purpose of selling them within their own country.