Chapter 5 of the book “Introducción a la Investigación de Mercados. Enfoque para América Latina” by Benassini (2009) focuses on the different methods used in market research. This chapter is suitable for a seventeen-year-old pupil who is interested in understanding how companies gather information to make informed business decisions.
In this chapter, the author explains that market research is essential for companies to understand their target audience and make strategic decisions. The chapter begins by discussing the importance of defining research objectives and the different types of research that can be conducted, such as exploratory, descriptive, and causal research.
The author then introduces primary and secondary data collection methods. Primary data refers to information collected directly from the target audience through surveys, interviews, or observations. Secondary data, on the other hand, is information that already exists and can be obtained from sources like government reports, industry publications, or online databases.
The chapter also covers sampling techniques, which are used to select a representative group of people for research purposes. The author explains the importance of sample size and how it affects the accuracy of the research findings.
Furthermore, the author discusses data analysis and interpretation. This involves organizing and summarizing the collected data to identify patterns and trends. The author emphasizes the importance of using statistical tools and software to analyze the data accurately.
Lastly, the chapter touches on the ethical considerations in market research. The author highlights the importance of protecting the privacy and confidentiality of participants and ensuring that the research is conducted ethically and responsibly.
Overall, this chapter provides a comprehensive overview of the methods used in market research. It explains the different types of research, data collection techniques, data analysis, and ethical considerations. This information will help the seventeen-year-old pupil understand how companies gather information to make informed business decisions and the importance of conducting research ethically.
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