Question

What are primary data enumerate the various methods of collecting primary data fullstop discuss the merits and demerits of any one of them

Answer 1

Answer:

Different Ways of Collecting Primary Data

These may be:

Primary data may be collected either through personal interviews or through telephonic interviews:

The main merits of telephonic interviews are:

The main demerits of this method are:

Answer 2

What are the different sources of data?

Following are the two sources of data:

1. Internal Source

•When data are collected from reports and records of the organisation itself, it is known as the internal source.

•For example, a company publishes its ‘Annual Report’ on Profit and Loss, Total Sales, Loans, Wages, etc.

2. External Source

•When data are collected from outside the organisation, it is known as the external source.

•For example, if a Tour and Travels Company obtains information on ‘Karnataka Tourism’ from Karnataka Transport Corporation, it would be known as external sources of data.