MANAGEMENT

Detailed explanation-1: -Secondary data is the data that have been already collected by and readily available from other sources. Such data are cheaper and more quickly obtainable than the primary data and also may be available when primary data can not be obtained at all.

Detailed explanation-2: -Compared to primary data, secondary data tends to be readily available and inexpensive to obtain.

Detailed explanation-3: -The Advantages of Secondary Data Analysis 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-4: -Secondary data is very affordable. It requires little to no cost to acquire them because they are sometimes given out for free. The time spent on collecting secondary data is usually very little compared to that of primary data.

Detailed explanation-5: -Primary data collection requires a large amount of resources like time, cost and manpower. Conversely, secondary data is relatively inexpensive and quickly available.