Market research

Cards (14)

  • cocketing researcing
  • Secondary
    User data that axeady exists and has been konected by someoneise.
  • Advantages of secondary data
    • Quick
    • cheap
    • produces less valuable data
  • Disadvantages of secondary data
    • compentors benefit from some info
  • Primary
    Data used and collected by yourself.
  • Advantages of primary data
    • more accurate
    • specific to your research
  • Disadvantages of primary data
    • Takes time
    • costly
  • Quantitative research
    Numeric and objective, answering questions like when or where.
  • Qualitative research

    Subject to opinion, can't be numerically measured.
  • Advantages of qualitative research
    • Allows in-depth questions to be asked that cannot be put into numbers.
  • Disadvantages of quantitative research
    • Time consuming, labour intensive
  • Disadvantages of quantitative research
    • Less detailed, misinterpreted
  • Sampling
    The process of selecting a sample population from the target population.
  • Advantages of sampling
    • speedy information
    • efficient