Types of Market Research (David, 2022)

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What is the primary focus of quantitative research?

Analyzing numerical data

Which method involves direct interaction with consumers or third-party entities?

Quantitative research

What type of questions are commonly used in quantitative surveys?

Yes/no questions or rating scales

What is the purpose of a questionnaire in research?

Gather valuable information from participants

Why is primary research essential for businesses?

To better understand consumer preferences and needs

What is the main benefit of using random or probability sampling in research?

Minimizes bias and increases unbiased estimates

Which qualitative research method involves observing consumers in their own homes?

Ethnographic Research

What distinguishes open-ended questionnaires from closed-ended questions?

Phrase questions as statements requiring extended responses

In qualitative research, what is the primary goal of conducting individual interviews?

Collecting detailed responses from participants

How does case study research differ from ethnographic research in qualitative studies?

Focuses on explaining specific issues in detail within real-life contexts

Learn about the two types of market research according to David in 2022. Explore the significance of primary research and how it helps businesses in understanding consumer preferences and needs.

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