83.2k views
4 votes
Working in Groups choose 2 business ideas your classmates are using for their business plan.

•Review the data bases above and select 2 data sources from the Resource for Secondary Market Research for each of the 2 business ideas and be ready to make a presentation to the class about the sources and what you found there and why these are good choices to help you evaluate your market

User Calfater
by
8.0k points

1 Answer

4 votes
As an AI language model, I don't have access to specific databases or the ability to review real-time data sources. However, I can provide you with some general guidance on selecting data sources for market research.

When choosing data sources for market evaluation, consider the following:

1. Relevance: Ensure that the data sources you select are directly related to the industry or market you are researching. Look for sources that provide information on customer demographics, market trends, competitors, and consumer behavior.

2. Reliability: Choose reputable sources that provide accurate and reliable data. Government agencies, industry associations, market research firms, and academic institutions are often reliable sources of data.

3. Timeliness: Look for data sources that are up-to-date. Market conditions can change rapidly, so recent data will be more relevant and reliable.

4. Sample Size and Representativeness: Consider the sample size and representativeness of the data. Larger sample sizes and diverse data sources often provide more accurate insights into the target market.

5. Data Accessibility: Ensure that the data sources you choose are accessible and within your budget. Some sources may require subscriptions or fees, while others may offer free access to certain data sets.

It would be beneficial to consult with your classmates to determine the specific business ideas they are working on, as well as the resources and databases available to you for market research. You can collectively discuss the relevance, reliability, timeliness, and accessibility of different data sources and make informed decisions based on the unique requirements of each business idea.
User Sei Satzparad
by
8.8k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories