a toaster oven company is trying to project future market trends for its industry. in order to see industry-wide information, data, and projected trends, what is the best type of secondary research vehicle this company should use?

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26-10-2022
Business

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a toaster oven company is trying to project future market trends for its industry. in order to see industry-wide information, data, and projected trends, what is the best type of secondary research vehicle this company should use?

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qwoffwhite qwoffwhite · Answer 1 · 2022-10-30T06:16:01-04:00

Industry associations and professional journals are the best type of secondary research vehicle this company should use.

A sort of study called "secondary research" refers to information that has already been obtained, arranged, and published by someone else. Reports and studies from governmental organizations, professional associations, and other companies operating in your sector are included. So for approaching Industry-wide information the toaster oven company can depend upon associations and journals which is the best secondary research method.

Books, personal sources, journals, newspapers, websites, government documents, and other sources are examples of secondary data sources. There are several locations where you can get secondary data for free. These include both internal and external sources, including business sales and analytics data, sector-or government-specific publications, and publicly available market research polls.

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