What type of data is being collected from a focus group formed to provide opinions for a target market?

Study effectively for the Personal Finance Domain 2 Test. Access flashcards, multiple-choice questions, and thorough explanations for each answer to enhance your preparation. Be fully ready for your exam!

When a focus group is formed to provide opinions for a target market, the type of data being collected is primary data. This is because primary data refers to information that is collected directly from original sources for a specific purpose, such as understanding consumer preferences, behaviors, or opinions. In this case, the focus group gathers firsthand insights directly from participants, making it unique and tailored to the specific research question or business needs.

Furthermore, primary data is specifically gathered to address the research objectives set by the marketers, which distinguishes it from secondary data that involves analyzing information that has already been collected and published by others. This direct engagement with the target market allows businesses to obtain valuable qualitative insights that may not be available through existing datasets, enabling them to make informed decisions based on the attitudes and feelings expressed during the discussion.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy