Market Research: Primary Research and Secondary Research.

Feb

22

2016

Market research is the systematic gathering and interpretation of information about individuals or organisations using statistical and analytical methods and techniques of the applied social sciences to gain insight or support decision making. There are two types of market research; primary and secondary market research. Primary research is the research carried out to answer specific questions, and is conducted by the researcher himself/herself. Such a research can be conducted via questionnaires, surveys and interviews. Secondary research is the type of research which is made on the basis of information by previously made researches, e.g:reports by the government, newspapers, journals, magazines, and radio and TV stations.

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