which of the following is an advantage of primary data? course hero

Which one of the following is an advantage of primary data?

An advantage of using primary data is that researchers are collecting information for the specific purposes of their study. In essence, the questions the researchers ask are tailored to elicit the data that will help them with their study.

What is primary data and its advantages?

Primary data is the data collected from first-hand resources. The primary data refers to the data obtained directly through the collection and direct experience. Primary data is highly confidential; primary data has the advantages of vividness and readability; primary data is often direct and accurate.Feb 1, 2021

What is the major advantage of primary research?

Primary research guarantees that the information collected is up-to-date and relevant, enabling accurate trends to be revealed. Primary research also allows the person or organisation to control ownership of the data.

Which of the following is the advantage of the secondary data?

Advantages of Secondary data It is economical. It saves efforts and expenses. It is time saving. It helps to make primary data collection more specific since with the help of secondary data, we are able to make out what are the gaps and deficiencies and what additional information needs to be collected.

What are the four advantages of primary data?

Advantages of primary data:Resolve specific research issues. Performing your own research allows you to address and resolve issues specific to your own business situation. ... Better accuracy. ... A higher level of control. ... Up-to-date information. ... You are the owner of the information.

Which of the following is an advantage of primary data quizlet?

The main advantage of primary data is that they will answer a specific research question that secondary data cannot answer. Primary data are current and the source of data is known. Moreover, the information is proprietary. Primary data can be very expensive.

What is the primary data?

Primary data refers to the first hand data gathered by the researcher himself. Secondary data means data collected by someone else earlier. Surveys, observations, experiments, questionnaire, personal interview, etc. Government publications, websites, books, journal articles, internal records etc.Feb 15, 2022

What are pros and cons of primary data?

Pros and ConsPros: Perhaps the greatest advantage of primary research is that it allows the researcher to obtain original data that are current and highly specific to his or her needs.Cons:  Because of the processes involved, primary research can be very time-consuming, sometimes requiring months or even years.Feb 8, 2019

Which of the following is a major disadvantage of primary data collection?

it takes more time to collect than secondary data and is more costly.

Which of the following is an advantage of secondary data quizlet?

Which of the following is an advantage of secondary data? They often allow researchers to gain exploratory insights.

What are the advantages of secondary data quizlet?

The chief advantage of secondary data is availability, meaning they are almost always less expensive to obtain and faster to obtain than primary data. Often, researchers use sec- ondary data when relevant primary data are impossible or impractical to obtain.

What are advantages and disadvantages of primary and secondary data?

Advantage of primary data Its authenticity, specific existence, and up-to-date data are some common benefits of primary data, whereas secondary data is very cheap and not time-consuming. Primary data is very accurate since it is essentially objective and explicitly obtained from the original source.