The Vizzy Vitamin company is looking to expand its market reach into twenty new countries this year for its immune system booster drink powder product. In order to dig deeper into which countries to select, the company would be wise to gather data from which pertinent data sources?

Question

Business

Cristian Leach

9 June, 23:40

The Vizzy Vitamin company is looking to expand its market reach into twenty new countries this year for its immune system booster drink powder product. In order to dig deeper into which countries to select, the company would be wise to gather data from which pertinent data sources?

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Answers (1)

Know the Answer?

Angelo Boyd · Answer 1

The answer is: Secondary data sources

Explanation:

Secondary data is data that has been collected by other sources and is readily available for general use. Using this type of data is generally cheaper and quicker than trying to obtain your own primary data. It would cost Vizzy Vitamin a lot of money if they want to collect primary data from the twenty new markets they want to enter.

Many multinational corporations usually use secondary data collected by Harvard's Atlas, IMF Data Site, The World Bank's World Development Indicators, UNDP's Human Development Index,