Question: What is the difference between primary and secondary research (data)? What are the benefits and drawbacks of each?

What is the difference between primary and secondary research (data)? What are the benefits and drawbacks of each?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

explain all these lines one by one shortly. describe all these lines must.. please give the proper and complete answer. give the caption of answers. read carefully and explain every lines....

Q:

1.Systematic review is a comprehensive identification and synthesis of the available studies on a specified topic and it ispreferable that these studies have: Same study design Same sample size Same...

Q:

Morning Coffee 1. You will collect primary research data by creating a survey of ten of your friends/family. Develop eight questions to ask about their coffee use. Examples include "Do you drink...

Q:

You do not need to answer each question, you are welcome to pick and choose questions that interest you. But make sure you put the body of the question in your post so we all know which question you...

Q:

3. Selecting a method of gathering Information Arter defining the problem your report will solve, you should plan how you will conduct research to arrive at a solution. Reports may be based on...

Q:

Your boss, the owner of a toy store, loves Japanese puzzles. He asks you to create a report to recommend a new line of Japanese Hanje (puzzles) that he could import and sell at the store. Some of the...

Q:

Answer these Following statements are all incorrect except TWO; please identify the two correct statements; Two answers are required. [7 Non-parametric tests can be used to analyse ordinal, interval...

Q:

Mr. Haim wants you to conduct market research to establish what his customers' needs and wants are. He has heard that market research can fall in to two distinct camps, Primary and Secondary. Based...

Q:

What is the difference between primary and secondary research? Under what circumstances might the availability of secondary data make primary research unnecessary? What are some major sources of...

Q:

What is the difference between primary and secondary research? Under what circumstances might the availability of secondary data make primary research unnecessary? What are some major sources of...

Q:

Taylor Company's payroll for the week ending January 15 amounted to $72,000 for Office Salaries and $136,000 for Store Wages. The following deductions were withheld from employees' salaries and...

Q:

Draw a graph to show the relationship between two variables that move in the same direction.

Q:

A company reported a significant materials efficiency variance for the month of January. All of the following are possible explanations for this variance except A . Processing a large number of rush...

Q:

What is an example of constructive feedback? provide reference