New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    Someone making the statement, "Before we begin this project, we'll have to hire someone to interview people to find out how many people in a 50-mile radius could use our service, what their average income is, and what their occupations are." is preparing to:

    A collect primary data. Correct Answer Incorrect Answer
    B collect internal secondary data Correct Answer Incorrect Answer
    C collect external secondary data. Correct Answer Incorrect Answer
    D perform a sensitivity analysis Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Primary data are those facts and figures, which are new and are collected for the first time for the project at hand.

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