Lesson 2.2.1-2
2.2.1-2 Primary & Secondary Research Quiz: NCFE Business & Enterprise, Unit 2
20 questions
In partnership with Revision Ninja
Market research gathers information on customers and competitors so decisions rest on evidence. This lesson compares primary research, collected first-hand through surveys, interviews, focus groups and observation, with secondary research drawn from existing sources, and weighs cost, speed, relevance and depth for each method.
Key points
- Market research looks outwards at customers and rivals, so promotion, pricing and production decisions are not guesses.
- Primary research is collected first-hand by the business for its own question; secondary research was gathered by someone else.
- Questionnaires reach many people cheaply and quickly, but give short answers rather than rich detail.
- Observation records what customers really do, though it cannot explain the reasons behind their behaviour.
- Focus groups and interviews give in-depth opinions but take time and use samples too small for reliable numbers.
- Primary research is current and exactly fitted to the question, but costs more and takes longer.
- Secondary sources such as trade magazines, government statistics and rivals' websites are cheap but may be out of date.
Key terms
- Market research
- Collecting information about customers, competitors and trends to support business decisions.
- Primary research
- New data gathered first-hand by a business to answer its own question.
- Secondary research
- Existing data collected by someone else, such as published statistics or trade magazines.
- Questionnaire
- A set of fixed questions given to many people to gather answers cheaply and quickly.
- Focus group
- A small guided discussion used to explore customers' opinions and attitudes in depth.
- Observation
- Watching how customers behave to record what they really do rather than what they say.
Host it live on the board and students join with a game code on their own devices, or revise alone with Free Play. The answers are revealed in the game.
The 20 questions
-
What is the primary definition of market research?
- Managing staff payroll
- Auditing annual accounts
- Gathering customer data
- Paying corporation tax
-
Which task is an example of primary market research?
- Reading industry reports
- Studying rival websites
- Downloading census data
- Running customer surveys
-
A firm uses data that someone else has already collected. What is this called?
- Qualitative research
- Primary research
- Quantitative research
- Secondary research
-
What is the main advantage of using questionnaires for research?
- Guaranteed response rates
- Reaching many quickly
- Zero question bias
- Providing deep insights
-
What is the main benefit of using observation as a research method?
- Being extremely cheap
- Capturing real behaviour
- Requiring no planning
- Explaining consumer motives
-
Why would a business run a focus group?
- Measuring market share
- Testing pricing limits
- Exploring deep opinions
- Calculating exact sales
-
What is a major drawback of face-to-face research interviews?
- Low data accuracy
- Excessive digital costs
- Lack of detail
- High time consumption
-
What is the main advantage of choosing primary research?
- It takes no time
- Completed by rivals
- It is always free
- Data fits exact needs
-
Which of these is a major drawback of primary research?
- High cost and time
- Collected by competitors
- Always completely outdated
- Zero relevance to firm
-
What is a key disadvantage of relying solely on secondary research?
- Collected by yourself
- May be outdated
- Takes too long
- It is too tailored
-
What is the primary purpose of conducting market research?
- Designing factory layouts
- Calculating corporation tax
- Setting company wages
- Understanding customer needs
-
How is primary research defined compared to secondary research?
- Published in journals
- Sourced from textbooks
- Written by governments
- Gathered first-hand
-
Which of these is an example of secondary data?
- Your own focus group
- Direct observation logs
- Trade magazine statistics
- New customer survey
-
Which research method is best for surveying 500 customers cheaply?
- Detailed observation
- Physical focus group
- Face-to-face interview
- Online questionnaire
-
Why might a business use observation instead of surveys?
- It costs no money
- It takes zero time
- Customers prefer it
- Records true behaviour
-
What is the main benefit of holding a focus group?
- Exact numerical market share
- Detailed qualitative opinions
- Low cost mass data
- Instant nationwide sales
-
Why pay for a bespoke survey instead of using published data?
- Faster to complete
- Answers exact questions
- Always completely free
- Broader global coverage
-
What is a primary limitation of using secondary market data?
- Aimed at different purpose
- Impossible to find online
- Too expensive to buy
- Always completely outdated
-
What do official government statistics help a new gym owner determine?
- Specific equipment faults
- Local demographic profile
- Competitor daily pricing
- Individual fitness goals
-
Why study rival business menus and online reviews?
- Reduces staff turnover
- Lowers supplier costs
- Spots market gaps
- Guarantees patent protection
Related quizzes
- Aspects of the Market Quiz · 2.1.1 · 20 questions
- Data, Market and Orientation Types Quiz · 2.2.3-5 · 20 questions
- Price Quiz · 2.3.1 · 20 questions
- Place Quiz · 2.3.2 · 20 questions
- Promotion: Methods Quiz · 2.3.3.a · 20 questions
- Promotion: Influential Factors and Promotional Objectives Quiz · 2.3.3.b · 20 questions
- Product Quiz · 2.3.4 · 20 questions
- Product Lifecycle & Extension Strategies Quiz · 2.3.5 · 20 questions
- Product Development and Innovation Quiz · 2.3.6 · 20 questions
- Boston Matrix Quiz · 2.3.7 · 20 questions