The distinction between internal and external secondary data is based on the _____.
A)focus of the data (company or industry)
B)firm collecting the data (government or commercial research house)
C)cost of data collection
D)source of the data (within or outside the firm)

Question

Quizplus · Accepted Answer

The distinction between internal and external secondary data is based on the source of the data, whether it comes from within or outside the firm. Internal data is generated from within the organization, such as sales figures, customer databases, or financial reports, while external data comes from outside sources, such as government agencies, industry associations, or commercial research firms. The other options are not relevant to distinguishing between internal and external secondary data.

The Distinction Between Internal and External Secondary Data Is Based