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Buyers can ascertain the prices by examining information provided by primary and secondary sources of market data. Which of the following is a secondary source of market data?
Suggested Answer: A
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Price comparison websites are secondary sources as they aggregate data collected from multiple suppliers. Primary sources (like RFQs and brochures) come directly from the supplier. Reference: CIPS Level 4, Market Data Analysis.
33 comments · newest first
KA
Kate
11 months ago
Historical records are usually considered secondary, so B is correct!
VE
Veronika
11 months ago
Wait, are we sure about D being secondary?
MI
Mitsue
12 months ago
C seems like a primary source to me.
AN
Anna
12 months ago
I think B is more accurate, though.
GA
Garry
1 year ago
A is definitely a secondary source!
BE
Bettye
1 year ago
I’m confused about the definitions, but I think option A could be secondary since it’s compiled from various suppliers, right?
SH
Sharmaine
1 year ago
I feel like I’ve seen a similar question before, and I think brochures from suppliers might be considered primary sources since they come directly from them.
LI
Lili
1 year ago
I’m not too sure, but I remember something about price comparison websites being more like primary sources since they gather current data directly from suppliers.
CL
Claribel
1 year ago
I think secondary sources are usually data that’s been collected by someone else, so I’m leaning towards option B with the historical records.
MI
Ming
1 year ago
I've got this! The supplier's own price brochures would be a primary source, while the price comparison websites would be a secondary source since they compile data from multiple suppliers.
MA
Marguerita
1 year ago
Okay, I know that primary sources are direct from the supplier, and secondary sources are indirect. I just need to identify which of these options is a secondary source.
LO
Lon
1 year ago
Hmm, I'm a bit unsure about the difference between primary and secondary sources here. Let me think this through carefully.
CH
Chanel
1 year ago
This seems like a straightforward question about primary and secondary sources of market data. I think I can handle this one.
CO
Cordie
2 years ago
I'm gonna go with B. Can't go wrong with good old-fashioned data, am I right? Though I do wonder if the buyer has been keeping those records up to date...
WH
Whitney
2 years ago
B) Historical records of supplier prices on the buyer's database
XO
Xochitl
2 years ago
A) Supplier prices provided on price comparison websites
CA
Carmela
2 years ago
I'm not sure, but I think C) Price brochures provided by the supplier's sales team could also be a secondary source of market data.
MO
Moon
2 years ago
I agree with Margarett, because historical records can give us a good idea of past prices.
TW
Twanna
2 years ago
Ha, the supplier's sales team? Really? That's about as primary as it gets. C is definitely not the answer here.
DE
Detra
2 years ago
Exactly, we need to look at secondary sources for market data.
AP
Apolonia
2 years ago
Yeah, I agree. The sales team is definitely a primary source.
YU
Yuonne
2 years ago
D) Suppliers' prices provided on the buyer's request for quotation
SH
Shaun
2 years ago
B) Historical records of supplier prices on the buyer's database
NA
Nakita
2 years ago
A) Supplier prices provided on price comparison websites
MA
Margarett
2 years ago
I think the answer is B) Historical records of supplier prices on the buyer's database.
AS
Ashlee
2 years ago
Hmm, I'm not sure. A and D both sound like they could be secondary sources too. This is a tricky one!
AL
Alishia
2 years ago
I'd go with B - historical records are definitely a secondary source of market data. That's just common sense.
GE
Gene
2 years ago
D) Suppliers' prices provided on the buyer's request for quotation
TI
Tiara
2 years ago
C) Price brochures provided by the supplier's sales team
AL
Alfreda
2 years ago
B) Historical records of supplier prices on the buyer's database
ST
Stevie
2 years ago
A) Supplier prices provided on price comparison websites
LA
Lashawn
2 years ago
B) Historical records of supplier prices on the buyer's database
JE
Jettie
2 years ago
A) Supplier prices provided on price comparison websites