What are the advantages and disadvantages of primary and secondary data?

Answer

There are advantages and disadvantages to using both primary and secondary sources of data in business, including the advantage of being able to frame the collection process and the disadvantage of expense. Using secondary data someone else has collected is often free, but it is sometimes difficult to place it within the context of the research.

When carrying out market research, both primary and secondary data can be collected. Primary data is the data gathered by the researcher, which means it is fresh. Also, those who provide the data will have a direct interest in the project. For example, if the research pertains to whether there is a gap in the market for a new toy, collect primary data from parents of children of a particular age. This means the data is relevant, but the researcher must cover the expense of collecting it. In some cases, the secondary data can fulfill research needs. As it is not shaped specifically to the research question, there may be gaps, which means more research is required on the researcher's end.

Q&A Related to "What are the advantages and disadvantages of..."
1. discuss the advantages and disadvantages of secondery data. Advantages : Secondary data can usually be obtained more quickly and at lower cost than primary data. Also, secondary
http://wiki.answers.com/Q/What_are_the_Advantages_...
Advantages: It already exists, so it saves time. It is often cheaper than doing primary research. It may allow you access to data you could not otherwise get. Disadvantages: In some
http://answers.yahoo.com/question/index?qid=200804...
One of the biggest Advantages of the 'Options dialog -tiles' would be a Quick optional pick out of the most frequently visited of the User, but Its hard to deny that it interferes
http://www.quora.com/User-Interfaces/What-are-the-...
Ordinal data are categorical data where there is a logical
http://www.chacha.com/question/what-are-the-advant...
Explore this Topic
An advantage is that primary data is information the researcher has collected and worked with personally. It relates directly to that person's research or study. ...
The advantages of using tables and graphs to organize data include easy visualization of statistics, poignant descriptions of data, the provision of a summary ...
Participant observation is a method of data collection done in the qualitative research model. The advantages of participant observation are that in-depth knowledge ...
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014 Ask.com