MANAGEMENT

BUISENESS MANAGEMENT

MARKET RESEARCH

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Market information that is gathered by another person or organization is called ____
A
Market Research
B
Market Segmentation
C
Secondary Data
D
None of the above
Explanation: 

Detailed explanation-1: -Secondary data refers to data that is collected by someone other than the primary user. Common sources of secondary data for social science include censuses, information collected by government departments, organizational records and data that was originally collected for other research purposes.

Detailed explanation-2: -Secondary research is a type of research that has already been compiled, gathered, organized and published by others. It includes reports and studies by government agencies, trade associations or other businesses in your industry.

Detailed explanation-3: -Secondary data (also known as second-party data) refers to any dataset collected by any person other than the one using it. Secondary data sources are extremely useful.

Detailed explanation-4: -Secondary data is data collected by someone other than the actual user. It means that the information is already available, and someone analyses it. The secondary data includes magazines, newspapers, books, journals, etc. It may be either published data or unpublished data.

Detailed explanation-5: -The two categories of secondary data are published sources and unpublished sources. Examples of published sources are articles, books, journals, magazines, publications from government agencies, etc.

There is 1 question to complete.