Data Collected for the First Time Through Observation or Surveys

question 104

Multiple Choice

Data collected for the first time through observation or surveys is

• A)secondary data.
• B)external data.
• C)primary data.
• D)a marketing information system.

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Definitions:

Service-Based Economy

An economy where the majority of growth, employment, and production is related to the provision of services rather than the manufacturing of goods.

Class Division

The separation of society into different socioeconomic levels, often leading to distinctions in lifestyle, opportunities, and privileges.

Unequal Rewards

A situation where benefits, compensation, or recognition are distributed unevenly among individuals or groups, often based on social status, gender, or race.

Electronic Cash Registers

These are devices used by retailers to calculate and record sales transactions, manage inventory, and handle cash. They have largely been replaced or augmented by more sophisticated point-of-sale systems.