This would involve taking the raw materials from the primary sector and converting them into new products. Data is readily available on the internet and can be downloaded at the click of a button. Secondary research is a research method that involves using already existing data. This video goes over the five main economic sectors in every economy. 4. Researcher “owns” the data collected. There are many sources from which relevant data can be collected and used, unlike primary research, where data needs to collect from scratch. the secondary sector definition: 1. industries where finished products are made from materials produced in the primary sector 2…. Primary research is an expensive process and consumes a lot of time to collect and analyze data. Secondary Sector Manufactures and Assembles Goods The secondary sector of the economy is comprised of the manufacturing industries which take raw materials and produce products. Existing data is summarized and collated to increase the overall effectiveness of research. Not every organization is able to pay huge sum of money to conduct research and gather data. Secondary research can be completed within a few weeks depending on the objective of businesses or scale of data needed. The following are illustrative examples of a secondary industry. The following are examples of the secondary sector. Analyze data: Analyze data that is collected and identify if all questions are answered. They will take the raw materials from the primary sector and turn them into finished goods. Identify research sources: Next, narrow down on the information sources that will provide most relevant data and information applicable to your research. 3. Some government and non-government agencies also store data, that can be used for research purposes and can be retrieved from them. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. For example, US Government Printing Office, US Census Bureau, and Small Business Development Centers have valuable and relevant data that businesses or organizations can use. Once the data collection sources are narrowed down, check for any previous data that is available which is closely related to the topic. The data that is collected through secondary research, gives organizations or businesses an idea about the effectiveness of primary research. So, rightly secondary research is also termed as “desk research”, as data can be retrieved from sitting behind a desk. Data available on the internet: One of the most popular ways of collecting secondary data is using the internet. Real time, automated and robust enterprise survey software & tool to create surveys. They are a storehouse of important information and documents from which information can be extracted. Once that’s done, list down the research attributes and its purpose. For example, fish removed from the sea becomes processed and placed in food-safe tins. The secondary sector of industry is concerned with manufacturing. Use the community survey software & tool to create and manage a robust online community for market research. Most information is secondary research is readily available. To this end, the use of technology and machinery to speed up the processing of materials is implemented in this sector. The manufacturing sector is concerned with using raw materials from the primary sectors, such as iron and coke and the production of finished goods, such as cars. Collect existing data: Once the data collection sources are narrowed down, check for any previous data that is available which is closely related to the topic. For example, a financial institution writes a mortgage for a consumer, creating the mortgage security. Create online polls, distribute them using email and multiple other options and start analyzing poll results. Not all secondary data resources offer the latest reports and statistics. This transformation results in wood being made into furniture, steel being made into cars or textiles being made into clothes, as examples. 2. Learn everything about Likert Scale with corresponding example for each question and survey demonstrations. Secondary industries are those that take the raw materials produced by the primarysector and process them into manufactured goods andproducts. The secondary sector is often described as the middle path or the second step that had its origin in the raw materials from the earth and will finish at the hands of consumers with the help of finished products made by secondary industries. 3. Leverage the mobile survey software & tool to collect online and offline data and analyze them on the go. Not every organization is able to pay huge sum of money to conduct. 4. Make sure to collect data from authentic sources. In this group, we can find agriculture, farming, forestry, fishing and mining. The complete guide on market research surveys. Data obtained from these agencies are authentic and trustworthy. Secondary research includes research material published in research reports and similar documents. The vast majority of U.S. workers are employed in the tertiary sector, which is the business segment that provides services to customers. Educational Institutions: Importance of collecting data from educational institutions for secondary research is often overlooked. Sector of the economy as a whole functions properly and efficiently and process them into finished products as output as!, on the go for optimal results that transform the raw materials from the transforms. Secondary industry is an industry that takes raw materials and tertiary sector that produces raw materials into goods by is... 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