Transaction Data Make Use of Which Types of Data

question 8

Multiple Choice

Transaction data make use of which types of data?

• A)Master
• B)Organizational
• C)Situational
• D)None of the above

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Definitions:

Secondary Data

Information that has been previously collected by others for different purposes but is being utilized by researchers for a new study.

Seasonal Variations

Refers to fluctuations in business activity, sales, or demand that recur with the changing seasons of the year.

Consumer Spending

Consumer spending is the total amount of money spent by households and individuals on goods and services, reflecting the economic activity and health of a nation or region.

Proprietary Databases

Exclusive databases owned by an organization that contain information not available to the public or competitors, often used for competitive advantage.