ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following are major disadvantages associated with the collection of primary data?
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it provides the most recent data
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it is typically expensive
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it is connected to your research objective
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it is time consuming
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Explanation:
Detailed explanation-1: -The main disadvantage of using primary data sources is that they can be costly, time-consuming, and difficult to obtain, especially if you need a large or representative sample of your population.
Detailed explanation-2: -Possible Primary Sources Disadvantages: Some primary sources, such as eyewitness accounts, may be too close to the subject, lacking a critical distance. Others, such as interviews, surveys, and experiments, are time consuming to prepare, administer, and analyze.
Detailed explanation-3: -Cost. Cost is one of the major reasons why researchers, and organisations will choose not to use primary research. Time. Feasibility. Lack of Knowledge/ Experience.
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