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PRIMARY SOURCES OF INFORMATION STRENGTHS WEAKNESSES
 Surveys in general: - easy and inexpensive - ask wrong people
- artificial & crude
- produce suspect information
Postal questionnaire: - cheap and quick - no control over respondents
- low response rates
Personal interviews: - get best quality information if done properly
- control respondents
- expensive and time consuming
- lack of interviewing skills
Telephone interviews - more control than postal - intrusive
Focus groups: - control respondents
- good source of valuable information plus customer sentiment
- creative co-operation, come up with ideas
- time consuming
- can be costly
- relies on customers agreeing to attend
- lack of facilitator skills
Mystery shopper: - measures service & standards - like spying
Observation: (how the client uses the product) - overcomes many of the problems with surveys - many things we can't observe e.g. attitude
Market test: - potentially the most valid way of collecting information - tells competition what we are doing
- not feasible with some products
- we make the test work
- high cost in time and $$

 

SECONDARY SOURCES OF INFORMATION STRENGTHS WEAKNESSES
Library research: - low cost - time consuming
- information may be inaccurate or incomplete
Research agency: - targeted and relevant - high cost
Publications: - can be well researched - time consuming
- high cost of specialised publications
- suspect quality of published information
Competitive literature: - good way to gain insight into your competitor's approach to the market
- watch for re-runs to see what is working for them
- information could be inaccurate
- information could be premature
Internal sources - employees: - convenient source
- no outside costs
- some may tell you what they think you want to hear
- may be biased depending on own needs i.e. discounting policy
On-line services - Internet: - ideal place to tune into issues relevant to your market
- may even be able to establish a local club, chat room etc.
- time consuming
- lots of time - little return
- on line information can be swamped with garbage

 

 
 
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