Question

Which statements accurately describe essential characteristics of effective primary data collection methods for entrepreneurial market research?

(Select the three correct answers.)

(1 point)
Responses

Data is collected firsthand for a specific purpose.
Data is collected firsthand for a specific purpose.

Information is gathered from existing public sources.
Information is gathered from existing public sources.

The process analyzes previously compiled statistical data.
The process analyzes previously compiled statistical data.

Research methods include surveys, interviews, and observations.
Research methods include surveys, interviews, and observations.

Information is gathered directly from potential customers.
Information is gathered directly from potential customers.

It involves using government reports and industry articles.

Answer 1

Correct choices:

- Data is collected firsthand for a specific purpose.
- Research methods include surveys, interviews, and observations.
- Information is gathered directly from potential customers.

(Other options describe secondary data — existing public sources, previously compiled statistics, and government/industry reports.)