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What are two key elements in deciding how do you collect data for marketing research?

Observational data: observing people and asking them questions (questionnaire data) are the two principal ways to collect new or primary data for a marketing study.

What are the two main types of research instruments used to collect primary data quizlet?

What are the two main types of research instruments used to collect primary data? Questionnaires and mechanical devices are known to be the two main types because questionnaires can be diverse (with open ended or closed ended questions) and mechanical instruments are especially frequently used..

Which of the following is the most important step in the marketing research process?

Define the Problem or Opportunity The most important part of the marketing research process is defining the problem. In order to do any research and collect data, you have to know what you are trying to learn from the research.

What types of data can be collected through market research?

The data collected can be qualitative data (non-numerical data) or quantitative data (numerical or statistical data). While conducting primary market research, one can gather two types of information: Exploratory and Specific.