ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which data is less expensive to obtain?
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Primary Data
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Secondary Data
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Primary data is very expensive compared to secondary data. Therefore, it might be difficult to collect primary data. It is time-consuming. It may not be feasible to collect primary data in some cases due to its complexity and required commitment.
Detailed explanation-2: -Secondary research is often less expensive than primary research. Since the data is out there already, the most considerable expense is usually the workforce to find and interpret the data.
There is 1 question to complete.