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Research
Descripción
Business & Economics Unit1 Mapa Mental sobre Research, creado por bennevin26 el 06/05/2013.
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business & economics unit1
business & economics unit1
Mapa Mental por
bennevin26
, actualizado hace más de 1 año
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Creado por
bennevin26
hace más de 11 años
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Resumen del Recurso
Research
Primary
First hand information gathered about a market which has been self collected
Advantages
Up to date
Asks the questions you want to know
Collects results nobody else has access to
Disadvantages
Time consuming
Costly
May be biased due to who has been asked. (Generalisable)
Secondary
Research that already exists and has been collected by someone else for another purpose
Advantages
Cheap
Fast
Can still answer the questions you want to be asked
Disadvantages
May not answer the question you want to be asked
May be out of date
Anyone has access to the info
Product Trial
Research conducted on a sample of people to determine the success of the product and to find out how any improvements can be made
Advantages
Helps identify any flaws the product has
Helps to find out how well the product will do
Customers opinions are taken into account in order to improve the product
Disadvantages
Make the product available to competition
Costly
Sample size can often be too small to generalize
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