ECONOMICS
TRADE EXCHANGE AND INTERDEPENDENCE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Detailed explanation-1: -Primary data collection methods can be divided into two categories: quantitative methods and qualitative methods.
Detailed explanation-2: -Primary data-collection methods Generally, questionnaires, surveys, documents, and records are quantitative, while interviews, focus groups, observations, and oral histories are qualitative. There can also be crossover between the two methods.
Detailed explanation-3: -Under the main three basic groups of research methods (quantitative, qualitative and mixed), there are different tools that can be used to collect data. Interviews can be done either face-to-face or over the phone.
Detailed explanation-4: -Data may be grouped into four main types based on methods for collection: observational, experimental, simulation, and derived. The type of research data you collect may affect the way you manage that data.
Detailed explanation-5: -Market research generally involves two different types of research: primary and secondary.