Advantages of secondary data, Management Theories

Assignment Help:

Advantages of Secondary Data:

1. Economy: Such data are cheaper. The amount of money spent in acquiring secondary data is generally a great deal less than needed to obtain primary data. The various secondary data from libraries can be obtained at no cost.

2. Quickens: Most of these data are instant since they already exist and merely need to be discovered . thus the time in collecting secondary data is largely search time and usually required few hours or days.

3. Quality: An individual investigator cannot match the quality or size of the firms that obtained much of the existing secondary data. The information is gathered by trained personnel specialized in data collection. Also many organizations may not release their data to individual researcher but may give it to firms.

4. No Need of Measuring Instruments: When information is to be gathered from secondary sources there is no problem to design information gathering instrument as information is already collected by someone else. The only problem here is to locate the appropriate sources and methods of recording desired information.

5. Availability: These are sometimes available even in those case where primary investigations are not possible.


Related Discussions:- Advantages of secondary data

#emerging theoris, What is the analogy between systems approach and other s...

What is the analogy between systems approach and other systems?

Advantages of secondary data, Advantages of Secondary Data: 1. Economy:...

Advantages of Secondary Data: 1. Economy: Such data are cheaper. The amount of money spent in acquiring secondary data is generally a great deal less than needed to obtain pri

Limitations of panel data, Limitations of Panel Data: a. Panel data ma...

Limitations of Panel Data: a. Panel data may not be representative  samples since panel  members  are expected to put  in some effort in furnishing data  to the research organ

What are the importances of strategic planning, Q. What are the importances...

Q. What are the importances of Strategic Planning? It is used for taking key business decision like growth, retrenchment stability and divestment decisions are arrived. It is t

What is performance appraisal, Q. What is Unity of Command? Unity of co...

Q. What is Unity of Command? Unity of command notifies the reporting relationship between a superior and a subordinate. A subordinate is forever having a only one superior.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd