ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Secondary inquiry
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Product analysis
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Primary research
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Feasibility study
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Detailed explanation-1: -Primary research is data which is obtained first-hand. This means that the researcher conducts the research themselves or commissions the data to be collected on their behalf. Primary research means going directly to the source, rather than relying on pre-existing data samples.
Detailed explanation-2: -Primary Data Collection Methods. Primary data is collected from first-hand experience and is not used in the past. The data gathered by primary data collection methods are specific to the research’s motive and highly accurate.
Detailed explanation-3: -Direct personal observation is a method for collecting primary data as it is been recorded for the first time.
Detailed explanation-4: -Interviews. Interviews are a direct method of data collection. Observations. In this method, researchers observe a situation around them and record the findings. Surveys and Questionnaires. Focus Groups. Oral Histories.