Conducting Market Research (Leaving Cert Business): Quizzes

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Conducting Market Research
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What is the most critical benefit of conducting market research?

Risk reduction

What is desk research also known as?

Secondary research

Which is a source of desk research?

Government publications

What is an advantage of desk research?

Cost-effective

What is a disadvantage of desk research?

Accuracy concerns

Which method involves collecting new information directly from the marketplace?

Field research

What field research method brings together small groups to discuss products?

Focus groups

What is an advantage of field research?

High accuracy

What is the best practice approach to market research?

Combine desk & field research

What is a negative impact of technology on market research?

Job displacement

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