Discuss the method of collecting secondary data
Answers
Secondary data can be obtained from different sources: information collected through censuses or government departments like housing, social security, electoral statistics, tax records. internet searches or libraries. G.P.S, remote sensing.
secondary data are readily available from the other sources and as such, there are no specific collection methods. The researcher can obtain data from the sources both internal and external to the organization.
The internal sources of secondary data are:
Sales Report
Financial Statements
Customer details, like n.a.m.e, a.g.e, all details, etc.
Company information
Reports and feedback from
Management information system
There are several external sources from where the secondary data can be collected. These are:
Government censuses, like the p opulation cens us, agriculture census, etc.
Information from other government departments, like social security, tax records, etc.
Business journals
Social Books
Business magazines
Libraries
Internet, where wide knowledge about different areas is easily available.
The secondary data can be both qualitative and quantitative. The qualitative data can be obtained through newspapers, diaries, interviews, transcripts, etc., while the quantitative data can be obtained through a survey, financial statements and statistics.