Which of the Following Statements Best Describes the Term "Secondary

question 69

Multiple Choice

Which of the following statements best describes the term "secondary data?"

• A)They are more expensive to gather than primary data.
• B)They are data that have previously been collected for other purposes.
• C)They are always available for strategy-specific research questions.
• D)They are gathered from a limited number of sources.

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Definitions:

Demand

The quantity of a product or service that consumers are willing and able to purchase at various price points within a certain period.

Good

A tangible product or item that satisfies some human want or need and is often traded, sold, or bought in an economy.

Particular Good

A specific item or product that is distinguished by its unique characteristics, making it distinguishable from other goods.

Gas Lines

refer to queues of vehicles waiting to fill up fuel at gas stations, often observed during periods of fuel shortages.