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The Principal Ways to Collect New or Primary Data for a Marketing

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Essay

The principal ways to collect new or primary data for a marketing study are by observing people and by asking them questions.Give two examples of each method.


Definitions:

Exact Simple Interest

Refers to interest calculated precisely on the principal amount of a loan or investment, without compounding, over a specific time period.

365-Day Year

A method of interest calculation that uses a full calendar year to determine the amount due.

Loan Period

The duration of time from the initiation to the full repayment of a loan.

Exact Simple Interest

A method of calculating interest that uses a base of 365 days per year, ensuring accuracy based on actual calendar days.

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