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      Question

      A bank collecting fresh customer survey responses for a

      new product concept is using:
      A Secondary data Correct Answer Incorrect Answer
      B Internal data Correct Answer Incorrect Answer
      C Primary data Correct Answer Incorrect Answer
      D Observational data Correct Answer Incorrect Answer
      E Census Correct Answer Incorrect Answer

      Solution

      Primary data is collected first-hand for specific purpose. Why Other Options Are Incorrect тАв A: Already published data. тАв B: Existing internal records. тАв D: Watching behaviour. тАв E: Full population count. Banking Example: Survey before launching youth savings account.

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