ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Collecting primary data can be expensive and time-consuming.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Primary data is not statistics that have already been recorded but rather newly collected data. This statement is false. Primary data collection can often be time-consuming and expensive, as it involves designing and carrying out research studies.
Detailed explanation-2: -Data collection helps you learn more about your customers. Understand what is important to your customers on a deeper level. Segment your prospects and customers to deliver better automated marketing campaigns that speak more directly to their biggest concerns as individuals and organizations.
There is 1 question to complete.