Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is difference between a primary market and secondary
market in us economy as per e-commerce point of view ?

Answer Posted / dhara patel

Market research is generally either primary or secondary. Primary market research is when a company carries out research first hand. Primary market research is more reliable than secondary research because you know that the information you have gathered is accurate, as you have collected it yourself. It is also specific to your type of product/service. On the other hand, it is very time consuming and costs more, for example in consumer panels, products have to be given away for free so that they can be tested. This type of research can also be called field research.
Some forms of primary market research are as follows:
Ø Questionnaires/Surveys
Ø Interviews (can be done one-to-one, in a group or over the internet)
Ø Observation
Ø Focus Group/Consumer Panel - asking customers how they feel about their products
In secondary research, the company uses information from other sources that has already been researched by somebody else. Instead of carrying out research yourself like in primary research, you simply use somebody else's results that have already been collected which have been carried out in similar ways to how you would have carried it out. The advantages of secondary research are that it is relatively cheap, easily accessible and can be done very quickly. Disadvantages of secondary research are that it is often not specific to your area of research and the data used can be biased and is difficult to validate. As you have not collected it yourself, you cannot be sure how accurate it is as it could be biased. This type of research can also be called desk research.
Some forms of secondary market research are as follows:
Ø Websites
Ø Magazines
Ø News/Newspapers
Ø Textbooks
Ø Journals - specialist magazines
Ø Other companies financial reports

Is This Answer Correct ?    2 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

I have given ielts exam and i got 5.5 bands and i also got three I-20s from the US universities, so my ielts score will interrupt my visa or not? I want to confirm it.

2302


What are the Roles and Responsibilities of BDM in IT Industry ? And Tell me some thing about about IT industries

4370


why u choose mba after bca?

27390


What unique experience or qualifications separate you from other candidates?

7729


I'm working with a crosstab in cognos now. Page 1 contains crosstab Page 2 contains list Fact - Revenue Dimension - Product line, Year If I click on the revenue (cell value) it should goto the particular record in another list which is located in a separate page. However, the fact could not be bookmarked. I don't know why. Do you have suggestions? Thanks in advance.

2418


what is the difference between BI and pervasive BI?

6107


what four attribut in business case?

2438


what is capital

2635


expline the relevance of economic meltdown and the cost accounting

2179


Describe your ideal job and/or boss.

4410


what is variable?

2476


Hi, I worked TCS (BA) third party for only 18 days. After that i didnt go to office due to some problem. i send resign letter through mail.Just i want to know whether its affect my career.? also my consultant is drop the mail TCS is ben for me so its true ...i need to pull back agin try. so its posssible Pls guide me

1550


7. (a) How do you implement internal controls in IT systems? (b) How to design internal controls over financial reporting, when financial reporting is performed totally from the software application? Explain briefly the major points. (c) What are the additional controls needed, when the software interfaces are webbased? Explain the materiality of the payroll processing functions to be performed by webinterfaces from the control perspective.

2392


I didn't see any category for Project Management. What are the activities, documents; how to plan, schedule and monitor tasks, statuses, people...?

2199


a. Explain the three (3)  Facets of Supply Chain b. Explain the work of logistics c. Explain the three (3) description of customers d. Explain the importance of information technology in logistics

2301