what is qualitative research
based on opinions attitudes and beliefs and intentions
what is quantitive data
usually numerical, concerned with data and addressed questions
what are limitations of research
-sample size
-bias
what is sampling
gathering data from a group of individuals
what is random sampling
each individual is chosen entirely by chance and have an equal chance of being selected
what is quota sampling
segmented into subgroups before a judgement is made in selecting respondents that represent that subgroups
what is stratified sampling
first segmented into subgroups before respondents are randomly selected within that subgroup
advantages of sampling- 5
-used flexibly
-reliable
-businessed learn about market quick
-advantage over competitors
-avoid expensive marketing errors
disadvantages of sampling-4
-may target wrong people
-bias
-difficulat to locate suitable respondents
-when market regularly changes can be out of date regularly
primary research definition
collection of first hand original data directly from a source
4 examples of primary research
-surveys, questionnaires, interviews, social media
3 advantages of primary research
-specific+relevant
-reliable as you did it
-up to date
3 disadvantages of primary research
-expensive
-time consuming
-risk of bias
secondary research definition
collection and analysis of existing data that is gathered by someone else for a different purpose
4 examples of secondary research
-market report
-news articles
-government statistics
-competitor websites
5 advantages of secondary research
-easy
-inexpensive
-quick
-can identify trends
-many sources can be used
4 disadvantages if secondary research
-data may be outdated
-not specific enough for need
-risk of bias
-not always in form you want