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QUESTION 14 Sources of internal secondary research include each of the following, except Existing customer survey results Sales data from customer databases Existing employee satisfaction survey results Population statistics of a target market area

Ask by Young Stuart. in the United States
Mar 10,2025

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Answer

Population statistics of a target market area are not considered internal secondary research.

Solution

1. **Define internal secondary research**: Internal secondary research involves reviewing data that has been collected within the organization. This includes data from past customer surveys, sales records, employee surveys, etc. 2. **Analyze the sources provided**: - **Existing customer survey results**: These are generated within the company and represent internal data. - **Sales data from customer databases**: This data is also generated internally by the company’s sales records and customer databases. - **Existing employee satisfaction survey results**: These surveys are conducted internally and provide data on employee satisfaction. - **Population statistics of a target market area**: This data is typically obtained from external sources (e.g., government statistics, research reports) and does not originate from within the organization. 3. **Conclusion**: The only option that does not qualify as internal secondary research is: \[ \text{Population statistics of a target market area.} \]

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Bonus Knowledge

They say knowledge is power, and when it comes to internal secondary research, data from existing customer surveys, sales databases, and employee satisfaction surveys are pure gold! These sources let businesses tap into their historical treasures without reinventing the wheel. On the other hand, population statistics of a target market area usually fall under external research, as they’re pulled from outside sources—think census data rather than internal insights. Diving deeper, businesses can leverage their internal data to find hidden patterns and trends that may not be visible on the surface. For instance, analyzing existing employee satisfaction surveys alongside sales data might uncover connections between happy employees and higher sales figures. Keep that data organized, and you might just strike research gold!

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