A sort of secondary data known as "packaged information" consists of two broad classes, that include syndicated data and packaged services the Given statement is True.
What are the applications of Packaged information?
Information Packaged Applications used for numerous research decisions in marketing, including:
1) Measuring Consumer Attitudes and Opinions
2) Market segmentation -> Geodemographics is the process of categorising geographic areas according to the socioeconomic characteristics of their residents.
There are two major categories of packed information: Syndicated data is a type of external data that is provided to subscribers from a shared database in exchange for a service charge. A prepackaged marketing research procedure is referred to as a "packaged service," and it is used to produce data for a specific user.
Therefore, the given statement is True.
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