Firms providing specialized routine information needed by a given industry in the form of ready-to-use packaged data to subscribing firms are:
A)Syndicated data firms.
B)Custom research data firms.
C)Government data recyclers.
D)Industry research data firms.

Question

Quizplus · Accepted Answer

Syndicated data firms provide specialized routine information that is packaged and readily available to subscribing firms. This information is typically focused on a specific industry or market and is collected from multiple sources. Examples of syndicated data firms include Nielsen and IRI in the consumer packaged goods industry.

B) Custom research data firms provide tailored data insights to specific clients based on their research needs, whereas syndicated data firms provide pre-packaged data to a broad range of clients.

C) Government data recyclers is not a recognized term in the data industry and, therefore, is not a valid option.

D) Industry research data firms, while similar to syndicated data firms, do not necessarily provide ready-to-use packaged data. Instead, they conduct research on behalf of clients and provide them with customized reports and insights.

Firms Providing Specialized Routine Information Needed by a Given Industry