Which of the following is true regarding secondary data?
A)Obtaining secondary data is more expensive than collecting primary data.
B)It should always be sought second,after primary data.
C)It refers to data that has already been collected.
D)It takes a lot of time to collect secondary data.
E)It is collected specifically for solving the problem at hand.

Question

Quizplus · Accepted Answer

Secondary data refers to data that has already been collected, as opposed to primary data which is collected specifically for the problem at hand. Obtaining secondary data can be less expensive than collecting primary data, and it can be sought either before or after primary data depending on the research needs. The time it takes to collect secondary data will vary depending on the sources and availability.

Which of the Following Is True Regarding Secondary Data