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Market researchDesk research/Secondary research

It is important to establish consumers' needs before launching a new product. A business conducts market research to help identify gaps in the market and business opportunities.

Part of Business managementMarketing

Desk research/Secondary research

Desk research is information that is second-hand. It has already been collected by someone else.

Desk research
Image caption,
Desk research involves analysing information from secondary sources

Methods of collecting desk research include:

  • sales figures
  • newspapers
  • websites
  • government publications e.g. social trends
  • commercial publications e.g. Keynote and Mintel reports
AdvantagesDisadvantages
Saves timeNot specifically gathered for the business
Relatively inexpensiveMay be out of date
Widely availableMay contain bias
AdvantagesSaves time
DisadvantagesNot specifically gathered for the business
AdvantagesRelatively inexpensive
DisadvantagesMay be out of date
AdvantagesWidely available
DisadvantagesMay contain bias