ENTREPRENEURSHIP

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MARKET RESEARCH

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Facts collected specifically for the problem at hand:
A
decision problem
B
demographics
C
unit of analysis
D
primary data
Explanation: 

Detailed explanation-1: -Primary data collection is a process of collecting original data, directly from the source. It is used in research to gather first-hand information about a problem or topic. The most common use for primary data is in studies, where researchers need to collect information from experts in their field.

Detailed explanation-2: -Primary data is collected for addressing the problem at hand while secondary data is collected for purposes other than the problem at hand. Primary data collection is a very involved process. On the other hand, secondary data collection process is rapid and easy.

Detailed explanation-3: -The disadvantage of primary data is the cost and time spent on data collection while secondary data may be outdated or irrelevant. Primary data incur so much cost and takes time because of the processes involved in carrying out primary research.

There is 1 question to complete.