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What is the main benefit of using secondary research?

It allows for fresh data collection

It is generally less time-consuming and costly

The main benefit of using secondary research is that it is generally less time-consuming and costly. This method involves gathering existing data that has already been collected and analyzed by others, rather than conducting new research from scratch. This aspect significantly reduces the resources required, including time, funding, and manpower. Organizations can utilize secondary data for market analysis, trend identification, or background information without needing to implement extensive data collection processes.

Fresh data collection, which relates to original research, does not apply to secondary research, as it deals primarily with data that has already been generated by others. Access to firsthand accounts typically pertains to primary research, where direct observations or interviews are conducted. Similarly, while accuracy in data collection is important, secondary research relies on the quality of data sources, and does not inherently guarantee accuracy simply because it draws on original sources. Thus, the efficiency and cost-effectiveness of secondary research make it a widely utilized approach in various fields, especially when immediate information is needed and resources are limited.

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It provides access to firsthand accounts

It ensures data accuracy through original collection

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