Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Market research is vital to sustainable export success in analysing international markets. It is a process that can help you avoid costly expansion mistakes
Market research is vital to sustainable export success in analysing international markets. It is a process that can help you avoid costly expansion mistakes and identify extraordinary business opportunities, allowing you to minimise risk before you enter a foreign market through proactive data collection and analysis. Questions (a) What is the difference between primary and secondary data? (1 mark) (b) What are the sources of each kind of data, (1.5 mark) and (c) when is one more appropriate to use or collect than the other? (2 marks)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
a Difference Between Primary and Secondary Data 1 mark Primary Data This is original data collected ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started