Market researchField research/Primary research

Businesses use market research to identify customers’ needs and wants. Each method of market research has advantages and disadvantages for a business.

Part ofBusiness managementManagement of marketing

Field research/Primary research

Carrying out market research
Image caption,
A face-to-face market research survey is an example of field research

Field research - also known as primary research - is information that is first-hand information. It has been collected by the business for a specific purpose.

Methods of collecting field research include:

AdvantagesDisadvantages
Only firm that collects data has access to itExpensive to collect
Collected for a specific purposeTime consuming
AdvantagesOnly firm that collects data has access to it
DisadvantagesExpensive to collect
AdvantagesCollected for a specific purpose
DisadvantagesTime consuming