Generally,the cost of collecting secondary data is about the same as the cost of collecting primary data.

Question

Quizplus · Accepted Answer

The cost of collecting secondary data is usually lower than the cost of collecting primary data. Secondary data is readily available and can be obtained through various sources such as government agencies, market research firms, and online databases, whereas primary data requires designing and conducting surveys, interviews, or experiments which can be considerably costly.

Generally,the Cost of Collecting Secondary Data Is About the Same