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2.1 Answer questions on the business opportunity and related factors Develop a research instrument that can be used to assess customers' buying behaviour for any product of your choice. ​

Sagot :

Consumer market research employs two research methods:  Qualitative and Quantitative.

1. Qualitative Consumer Research

Focus Groups: As the name implies, focus groups are small groups of highly validated subject experts who gather to analyze a product or service.

One-on-one Interview is a more conversational method in which the researcher asks open-ended questions to the respondents in order to collect data.

Text analysis is a qualitative research method in which researchers analyze social life by decoding words and images from available documents.

2.Quantitative consumer research is all about statistics and numbers. A savvy consumer who makes frequent purchases can attest to how consumer-centric businesses have evolved in recent years.

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