Answer:
False
Explanation:
The margin on price refers to a percentage by taking a difference between the gross profit and the selling price
Here gross profit comes by
= Selling price - cost price
Now in the cost price we added some markup percentage i.e most probably equivalent to the retail price
Hence, the given statement is false
Answer: D) information that already exists somewhere, having been collected for another purpose.
Explanation:
Secondary data in a research is data that has already been collected by others and usually for the another purpose but can be used for the purpose at hand.
These other sources could be from the government or private institutions and individuals but when they are used in research they must be referenced so that viewers know where the information is from.
Secondary data is used in our daily lives. For instance, if you had a weather report and used data from the National Weather Service (NWS), that is secondary data being used.
D. a firm that has some control over the price of the product it sells