Which of the following sources of information are considered as primary data? Select TWO that apply.

Which of the following sources of information are considered as primary data? Select TWO that apply.
A . The information about specific market sectors from trade associations
B . Commercial publishers of market reports
C . The collection of data from surveying customers
D . RFI
E . Reports in business magazines

View Answer

Answer: C, D

Explanation:

The aim of this question is to check students’ understanding of different types of data. There are 2 types of data:

– Primary data is the collection of original or raw data which are generated from field research. In this case, only RFI and surveys from customers are considered as primary data.

– On the other hand, secondary data is public information that has been collected by others. It is typically free or inexpensive to obtain and can act as a strong foundation to any research project ― provided you know where to find it and how to judge its worth and relevance. Examples of secondary data are government statistics, industry associations, trade publications, published market reports, etc.

Reference: CIPS study guide page 22-24 LO 1, AC 1.2