ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Primary data is ____
A
the most important data.
B
the data that is collected first.
C
new data specifically collected for a project.
D
data that is collected second.
Explanation: 

Detailed explanation-1: -Primary data is the data, which is collected for the first time by investigators. It is also known as raw data. It is the first-hand information. It refers to the collection of data for a specific purpose.

Detailed explanation-2: -What is primary data collection? Primary data collection is the process of gathering data directly from a first-hand source. In other words, it’s data that’s collected by the organization that expects to use it. Methods include surveys, interviews, observation, and focus groups.

Detailed explanation-3: -Researchers in the health and social sciences can obtain their data by getting it directly from the subjects they’re interested in. This data they collect is called primary data. Another type of data that may help researchers is the data that has already been gathered by someone else. This is called secondary data.

Detailed explanation-4: -Primary data refers to information that is collected by the researcher specifically for the project at hand.

Detailed explanation-5: -Primary data is a type of data that is collected by researchers directly from main sources through interviews, surveys, experiments, etc. Primary data are usually collected from the source-where the data originally originates from and are regarded as the best kind of data in research.

There is 1 question to complete.