What are advantages of primary data?

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Some common advantages of primary data are its authenticity, specific nature, and up to date information while secondary data is very cheap and not time-consuming. Primary data is very reliable because it is usually objective and collected directly from the original source. 15 янв. 2020 г.

What is advantage and disadvantage of primary data?

Advantages of Primary dataDisadvantages of primary dataMore accurateTime-consuming processUpdated informationCostlyMore control over the dataRequire more laborPrivacy is maintainedThe questionnaire must be easy and understandable

What are 3 advantages of primary research?

Advantages of primary research – Data collected is up-to-date, relevant and specific to your research objectives. Primary research can deliver 'trade secrets' – competitors have no access to your data, giving you a competitive edge.

What are disadvantages of primary data?

There are two main disadvantages of primary data: Collecting primary data is very expensive. It usually takes a long time to collect primary data.

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