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9609 · 3.2.4

Market research data

**Market research data** (3.2.4) completes **Topic 3.2**. Examiners may show a **chart or table** — practise extracting conclusions and noting **limitations**.

Need to know

What you need to know

  • Numerical data that can be measured and statistically analysed.
  • Collected from large samples via methods like surveys and sales data analysis.
  • Strengths: Objective, easy to compare and analyse for trends.
  • Weakness: Lacks depth and does not explain the reasons behind behaviours.

Explanation

Market research data

  1. Numerical data that can be measured and statistically analysed.
  2. Collected from large samples via methods like surveys and sales data analysis.
  3. Strengths: Objective, easy to compare and analyse for trends.
  4. Weakness: Lacks depth and does not explain the reasons behind behaviours.