External databases are electronic collections of consumer and market information obtained from data sources within a company's network.

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External databases are electronic collections of consumer and market information obtained from data sources outside a company's network. These databases can provide valuable insights into consumer behavior, market trends, and industry developments, which companies can use to inform their business strategies and decision-making processes. Examples of external databases include industry reports, government data sources, and market research studies conducted by third-party firms.

External Databases Are Electronic Collections of Consumer and Market Information