Exam 7: Secondary Data Research in a Digital Age

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Buying new-car purchase data by zip code from the Polk Company is an example of which type of secondary data?

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B

A disadvantage to secondary data is that they were not designed specifically to meet the objectives of the current project.

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Secondary data that originate inside the organization are called:

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B

Purchasing data from a company such as NPD Group,Inc.on consumption of frozen pizza in the U.S.is an example of which objective for secondary data analysis?

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Secondary data that originates within the organization are called ____________________ and ____________________ data.

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A researcher should always evaluate the professional reputation of the organization that has gathered secondary data in terms of evaluating the quality of the data.

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Data mining techniques can help to define the underlying meaning of data.

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Reliability compares data from one source with data from another source.

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Financial data from foreign countries is the same around the world due to standardization of accounting and recording practices for economic concepts.

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Many companies use powerful computers to dig through volumes of data to discover patterns about their customers and products.This activity is called:

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Which of the following involves mining data to look for patterns identifying who is likely to be a valuable customer?

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Which of the following is a calculation that describes the relationship between retail demand and supply?

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Bath and Body Works is a retail chain of bath and home fragrance products.Before entering a new geographic area,the company develops an index consisting of a ratio of local market potential in dollars (demand)to local market retailing space in square feet.If this ratio is below a predetermined level,the site is not considered further.However,if this ratio is greater than that level,further site-selection analyses are performed.This index is called:

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Comparing data from one source with data from other sources to determine the consistency of the data is known as performing a ____________________.

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Secondary data require current access to respondents who provided the data.

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Identify various internal and proprietary sources of secondary data.

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Trade associations gather data to help the organizations in a specific industry.

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All of the following are producers of external secondary data EXCEPT:

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Diverse types of data offered by a single company are known as ____________________ data.

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Techniques that use secondary data to select the best location for a retail or wholesale operation are called ____________________ techniques.

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