ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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One of the claimed advantages of secondary data is that:1) it is always 100% accurate as the firm undertakes its own data collection2) it is usually up-to-date3) it is often cheap as the research has been conducted by others4) it will not be available to rival businesses
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Explanation:
Detailed explanation-1: -One of the most noticeable advantages of using secondary data analysis is its cost effectiveness. Because someone else has already collected the data, the researcher does not need to invest any money, time, or effort into the data collection stages of his or her study.
Detailed explanation-2: -Correct option is (C) It saves time in data collection. Secondary data means that you are using the data that has already been collected by someone else for your own research. The biggest benefit is that it saves a lot of ti…
Detailed explanation-3: -What is secondary data? data that has already been published.
There is 1 question to complete.