Which of the following statements concerning secondary data is correct?
A) Secondary data usually takes longer to obtain than primary data.
B) Secondary data is only available within the firm.
C) Secondary data was originally collected for some other purpose.
D) Secondary data may provide some background, but never provides the answer.
E) None of these statements is correct.

Question

Quizplus · Accepted Answer

Secondary data is data that was originally collected for some other purpose. It can be obtained faster and at a lower cost than primary data. It may provide some background information, but may not always provide the answer needed for a specific research question. Secondary data may be collected by sources both within and outside of the firm.

Which of the Following Statements Concerning Secondary Data Is Correct