The cost and time involved in collecting secondary data makes it a less-than-economical choice for most firms when compared to collection of primary data.

Name: The cost and time involved in collecting secondary data makes it a less-than-economical choice for most firms when compared to collection of primary data.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Secondary data is often less expensive and time-consuming to collect than primary data, as it has already been collected by someone else.

The Cost and Time Involved in Collecting Secondary Data Makes