BUISENESS MANAGEMENT
MARKET RESEARCH
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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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Detailed explanation-1: -Primary research can also be time consuming to carry out, especially if a large sample size is required. The time required to effectively plan primary research, carry it out and analyse the data is much greater than the time taken to conduct secondary research.
Detailed explanation-2: -Primary research usually costs more and often takes longer to conduct than secondary research, but it gives conclusive results.
Detailed explanation-3: -Primary research can be costly, although a small online survey can be free to set up and run. The more effort, time and people involved in primary research, the more the research project will cost.
Detailed explanation-4: -Primary research is any type of research that you collect yourself. Examples include surveys, interviews, observations, and ethnographic research. A good researcher knows how to use both primary and secondary sources in their writing and to integrate them in a cohesive fashion.
Detailed explanation-5: -Primary research is a methodology researchers use to collect data directly rather than depending on data collected from previously done research. Technically, they “own” the data. Primary research is solely carried out to address a certain problem, which requires in-depth analysis.