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assess the need to perform strategic market research for the service
Primary market is the initial step of market research in this we can analyse the market behavior of the market.
Primary Market Research: In this research we can communicate with directly with customer and gathering information from the potential customer.
The level of focus and detail of the research
There really are no disadvantages to primary market research. What might be disadvantageous to an origination would be lack of resources or funds to conduct beneficial market research in the first place. Innovation in cost reduction must then be implemented.
assess the need to perform strategic market research for the service
assess the need to perform strategic market research for the service
Primary market is the initial step of market research in this we can analyse the market behavior of the market.
Primary Market Research: In this research we can communicate with directly with customer and gathering information from the potential customer.
Evaluate key labor force capabilities for the service.
The level of focus and detail of the research
Obtain data satisfy federal mandates define and document
quantitative market research (survey), qualitative market research (focus group, interviews, etc.)
The level of focus and detail of the research
There really are no disadvantages to primary market research. What might be disadvantageous to an origination would be lack of resources or funds to conduct beneficial market research in the first place. Innovation in cost reduction must then be implemented.
Performing a PESTLE is the way you might go about this.
Primary market research is like primary data collection, which is original or untampered data which is obtained by the researcher directly from the respondents. This is a rather time consuming method as the researcher should approach respondents based on the nature of the data. Secondary market research is a subset to Primary market research where the researcher collects data from the already collected research data. This saves time and effort as information to the problem is already available and new information alone has to be collected.