Question
Which research is time consuming and expensive?
Company report analysis
Secondary data
Primary data
Data analysis
Company report analysis
Secondary data
Primary data
Data analysis
Answers
GPT-4o mini
Among the options provided, **primary data** collection is typically the most time-consuming and expensive. This is because primary data involves the collection of new data directly from original sources through methods such as surveys, interviews, experiments, or field studies. These processes often require significant resources, including time, personnel, and materials.
In contrast:
- **Company report analysis** involves reviewing existing documents and reports, which is generally less time-consuming and costly.
- **Secondary data** refers to data that has already been collected and published by others, making it less expensive and time-consuming to gather.
- **Data analysis** can vary in time and cost depending on the complexity and amount of data, but it usually does not involve the same level of resource investment as primary data collection.
Therefore, the correct answer is **Primary data**.
In contrast:
- **Company report analysis** involves reviewing existing documents and reports, which is generally less time-consuming and costly.
- **Secondary data** refers to data that has already been collected and published by others, making it less expensive and time-consuming to gather.
- **Data analysis** can vary in time and cost depending on the complexity and amount of data, but it usually does not involve the same level of resource investment as primary data collection.
Therefore, the correct answer is **Primary data**.