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Collecting Secondary Data. Chapter 4. Primary v. Secondary Research. Primary Data Advantages Disadvantages Secondary Data Advantages Disadvantages. Objectives for Marketing Research. Fact Finding Identification of Consumer Behavior for a Product Category Trend analysis Market tracking
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Collecting Secondary Data Chapter 4
Primary v. Secondary Research • Primary Data • Advantages • Disadvantages • Secondary Data • Advantages • Disadvantages
Objectives for Marketing Research • Fact Finding • Identification of Consumer Behavior for a Product Category • Trend analysis • Market tracking • Environmental scanning
Objectives of Marketing Research • Model Building • Market potential for an area • Forecasting sales • Analysis of Trade Areas and Sites • Data Mining • Pulling out important information • Neural networks • Database Marketing
Sources of Secondary Data • Internal and Proprietary Data • Decision support system • External Data • Where can I find data? • Libraries • The internet • Vendors
Producers of Secondary Data • Books and Periodicals • Any marketing journal • Government Sources • Census • Statistical Abstract of the United States • World Fact Book • Media Sources
Producers of Secondary Data • Trade Association Sources • Data for one industry • Commercial Sources • Market share data • Consumer attitude and public opinion • Advertising research
Single Source Data • What is it?
International Research • Issues • Unavailability • Accuracy • Different terminology • We will use: • World Fact Book