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Sources - Collection of Primary and Secondary Data Video Lecture | General Aptitude for GATE - Mechanical Engineering
FAQs on Sources - Collection of Primary and Secondary Data Video Lecture - General Aptitude for GATE - Mechanical Engineering
| 1. What is the difference between primary and secondary data in commerce? |  |
Ans. Primary data refers to the data that is collected directly from the original source, while secondary data refers to the data that is already collected and published by someone else.
| 2. How can primary data be collected in commerce? | |
Ans. Primary data can be collected in commerce through various methods such as surveys, interviews, observations, experiments, and questionnaires.
| 3. What are the advantages of using secondary data in commerce? | |
Ans. Some advantages of using secondary data in commerce include cost-effectiveness, time-saving, availability of large datasets, and the ability to compare and analyze trends over time.
| 4. What are the limitations of using primary data in commerce? | |
Ans. Limitations of using primary data in commerce include high costs associated with data collection, potential bias in responses, time-consuming nature of data collection, and limited sample size.
| 5. How can secondary data be validated in commerce? | |
Ans. Secondary data can be validated in commerce by cross-checking with other reliable sources, verifying the credibility of the original source, evaluating the methodology used for data collection, and comparing the data with similar studies or research.
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