Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Focus groups, online surveys, and test markets are all methods of gathering: secondary data statistics O primary data O the sample You need to collect
Focus groups, online surveys, and test markets are all methods of gathering: secondary data statistics O primary data O the sample You need to collect data from several thousand consumers and have very little budget to do this. What is the best method for collecting this data? Focus group O Test market O Online survey O Interviews In marketing research, primary data collection methods should be used when: O you have all the answers already. O you don't have much money to conduct marketing research you cannot clearly define the problem. O you have already collected all the relevant secondary data. As a marketing manager, you are conducting research on consumer perceptions of your brand. There are millions of consumers in your target market, but you select 1,000 that are representative of the demographics of your target market. This selection of 1,000 people is called the: sample O target market population O universe
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started