Secondary Data Is Advantageous Because

question 100

Multiple Choice

Secondary data is advantageous because:

• A) it is often free or less expensive than primary data sources.
• B) the information is tailored to the company's specific research needs.
• C) data is timely and current.
• D) it allows researchers to ask specific questions in relation to their hypothesis.

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Definitions:

Minimising Costs

Strategies and practices implemented to reduce expenses and manage financial resources efficiently within an organisation.

Portfolio Planning

A strategic process that involves making investment decisions to balance risk against performance, often in the context of project or product portfolios.

Corporate-Level Strategy

The top-level strategic planning and decision-making that guides the overall direction, scope, and ambitions of a corporation.

Competing Business Opportunities

Different prospects or avenues through which a business can grow or expand in the market, often requiring prioritization and strategic choice.