Tutorial 2 Flashcards

1
Q

Primary data

A

Primary data does not yet exist and must be collected by the researcher or third parties

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2
Q

Ads of primary data

A

Optimal adaption of the data to the project goals

Greater control over data quality

Exclusiveness of the most data

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3
Q

Dis of primary data

A

Many time more cost intensive

Uncertainty with regard to the response rate

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4
Q

Secondary data

A

Data already exists within the company or is collected by third parties at specific intervals and are in standardised form

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5
Q

Ads of secondary data

A

Lower costs

Can be in the background / indication for primary research

Some info can be obtained only from secondary data

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6
Q

Dis of secondary data

A

Doesn’t fit with research goals

No control over the data quality

May not be very accurate

Data can be outdated

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