Question

It takes more time to collect secondary data

Answer 1

Secondary Data → It refers to the data collected by someone other than the user i.e. the data is already available and analysed by someone else. Common sources of secondary data include various published or unpublished data, books, magazines, newspaper, trade journals etc.

Answer 2

Answer :-

True ✓✓

There are various reasons for using secondary data:

A particularly good collection of data already exists.

You are doing a historical study – that is, your study begins and ends at a particular point in time.

You are covering an extended period, and analysing development over that period – a longitudinal study.