HBM Market Research Flashcards
what is the definition of desk research
Involves researching and analysing information that has already been gathered.
what is the definition of field research
Involves gathering brand new information directly from the consumer, which is suitable for the business’s exact needs.
advantages of desk research
Timely – desk information is quick to gather.
Available – desk information already exists so is easy to look up.
Cost effective – desk information does not require trained and paid interviewers or research companies.
disadvantages of desk research
Not objective – desk information is collected and presented by someone else, so could be biased.
Not appropriate – desk information is not fit for the exact purpose and may have to be ‘shoehorned’ to fit the business’s needs.
Not concise – the researcher may have to read through a lot of information to get what is needed.
advantages of field research
Complete – field information should have no parts missing.
Appropriate – field information is fit for the purpose it is needed for.
Timely – in the respect that the information is up to date.
Accurate – information should be correct as it can be validated.
disadvantages of field research
Not cost effective – requires trained and paid interviewers or expensive research companies.
definition of random sampling methods
Sample is picked randomly, e.g. using a telephone directory/list of customers.
definition of quota sampling research
Researcher chooses from a group of people with certain characteristics.
