Which of the following is an advantage of secondary data over primary data?
A)Secondary data are always available for strategy-specific research questions.
B)Secondary data sources are limited,making the information more valuable.
C)Secondary data are cheaper to obtain and utilize.
D)Secondary data are collected specifically for the research problem under investigation.

Question

Quizplus · Accepted Answer

Secondary data are often cheaper and quicker to obtain than primary data. Additionally, secondary data can be collected on a large scale, making it easier to analyze and draw conclusions from. However, primary data can often provide more specific and detailed information, as it is collected specifically for the research problem at hand. Thus, both types of data have their advantages and should be carefully considered in research.

Which of the Following Is an Advantage of Secondary Data