Question
In the context of interpreting market research, which of the following is an example of Primary Data? Similar business scenarios on YouTube An series of industry reports Interviews with SMEs Alist of your business competitiors complied by the Chamber of Commerce
Answer
4.2
(312 Votes)
Dexter
Master · Tutor for 5 years
Answer
### Interviews with SMEs
Explanation
## Step 1: Define Primary Data### Primary Data is information collected firsthand for a specific research purpose.## Step 2: Understand Examples### Look at each given example and determine if it was collected firsthand.- "Similar business scenarios on YouTube": Pre-collected information, not firsthand.- "A series of industry reports": Compiled from existing data, not firsthand.- "Interviews with SMEs": Collected through direct interaction, qualifies as firsthand data.- "A list of your business competitors compiled by the Chamber of Commerce": Pre-compiled, not firsthand.