as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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compare and contrast primary and secondary research.
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primary research involves collecting data through direct observation or inquiry, while secondary research utilizes existing data or information. primary research is more time consuming and expensive but provides more direct and accurate information, while secondary research is faster and cheaper but provides less reliable data. a good research strategy uses both primary and secondary research to gain accurate and reliable insights.
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