Commercial online databases are rich sources for obtaining ________.
A) primary data
B) secondary data
C) customer insights
D) low-level data
E) binary data

Question

Quizplus · Accepted Answer

Commercial online databases are typically collections of information that have been previously collected and organized by other entities such as research firms, government agencies, or industry associations. These databases are an excellent source of secondary data, which are data that have already been collected by others for a different purpose.
Examples of secondary data that can be obtained from commercial online databases include industry trends, market size, competitor information, demographic data, economic indicators, and consumer behavior. This information can be used to supplement primary data collection efforts or to gain a better understanding of a particular market or industry.
While commercial online databases may provide customer insights, low-level data, or binary data, these are not their primary purpose. Customer insights may be obtained from customer surveys or social media analytics. Low-level data refers to granular data that has not been aggregated or summarized and may be obtained from transactional data systems. Binary data refers to data that is stored in binary format, such as computer code.

Commercial Online Databases Are Rich Sources for Obtaining ________