EXPLORATORY RESEARCH Definition

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EXPLORATORY RESEARCH is a method used when gathering primary information for a market survey where targeted consumers / customers are asked very general questions geared toward eliciting a lengthy answer.

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EXTERAL REVENUE, if governmental, is money collected by a government by imposing duties on imports and other international transactions.

COMPENSATING ERROR is the name given to the situation where one mistake cancels out the effect of a second mistake.

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