Market Research: Logistic Relationship Answers Assessment Answer


Collecting Primary and secondary data

To ensure that the data collection process and measurement systems are stable and reliable several crucial steps are to be followed by Facelift bungee.

The company needs to incorporate the following steps into data collection plan.

Pre-data collection stage

During data collection

Post-data collection

Pre-data collection

Objective of the Organisation:

The objective of the company is to launch in United Kingdom and establish itself successfully.

Purpose of the research:

As the product Facelift Bungee is already popular the company wants to research about the frequency at which the product is used by the customers.

Data collection will take place at UK-London/Manchester/Lanchester/Scotland/Riverpool

Interview sample in each major city-100

Types of data:

Primary Data and Secondary data

Mode of Data collection

Primary Data: use of primary data collection is that the researchers collect the data themselves. It helps to also note the expressions and gestures of the subject; which is missed out in secondary data collection method. Use of multiple sources of primary collection is required. The sources used will be Interview, Surveys and Questionnaire technique.

Secondary Data: the data of sales and enquiries, financial data, transport data and storage data of company’s existing customers in UK will be utilized, along with data from existing market research done on cosmetics sector would be utilized.

Collection of secondary data will take place from “MM/DD/YY” to “MM/DD/YY”

Data management and evaluation is very critical, as it helps the researchers to clear out misunderstandings and after analysis of the data collected it can be converted into useful information-used for decision making process. (Phillips & Stawarski, 2008)

Use of quartiles, percentiles and correlation coefficient

The statistics use for analysing the collectd data enhances efficiency and effectiveness of a business decision. Quartiles mean fourth of a data set. The data are arranged in increasing order that is from lowest to highest and then divided into groups of four, one gets quartiles. Thus one, two and three quartiles are derived which are then calculated using the methods used to calculate median. (Ott & Longnecker, 2008)

A certain percentage of a set of data is a percentile. How many given set of data fall within a certain percentage set are observed using percentiles.

Correlation Coefficient is the relationship between two variables.

The use of correlation coefficient, quartiles and percentiles a business can investigate the determinants of sales, the variations in prices, incomes, product, tastes and preferences. The nature of the relationship can be used to test the goodness of fit. Forecasting can be done with the use of these statistical tools. The use of thee tools in research helps to measure and interpret the strength of a logistic relationship between prices and sales of a product or a service. (Federer, 1991)

Download Sample Now

Earn back money you have spent on downloaded sample

Upload Document Document Unser Evaluion Get Money Into Your Wallet

Cite This work.

To export a reference to this article please select a referencing stye below.

Assignment Hippo (2022) . Retrive from

"." Assignment Hippo ,2022,

Assignment Hippo (2022) . Available from:

[Accessed 29/05/2022].

Assignment Hippo . ''(Assignment Hippo,2022) accessed 29/05/2022.

Buy Market Research: Logistic Relationship Answers Assessment Answers Online

Talk to our expert to get the help with Market Research: Logistic Relationship Answers Assessment Answers from Assignment Hippo Experts to complete your assessment on time and boost your grades now

The main aim/motive of the finance assignment help services is to get connect with a greater number of students, and effectively help, and support them in getting completing their assignments the students also get find this a wonderful opportunity where they could effectively learn more about their topics, as the experts also have the best team members with them in which all the members effectively support each other to get complete their diploma assignment help Australia. They complete the assessments of the students in an appropriate manner and deliver them back to the students before the due date of the assignment so that the students could timely submit this, and can score higher marks. The experts of the assignment help services at are so much skilled, capable, talented, and experienced in their field and use our best and free Citation Generator and cite your writing assignments, so, for this, they can effectively write the best economics assignment help services.

Get Online Support for Market Research: Logistic Relationship Answers Assessment Answer Assignment Help Online

Want to order fresh copy of the Sample Market Research: Logistic Relationship Answers Assessment Answers? online or do you need the old solutions for Sample Market Research: Logistic Relationship Answers Assessment Answer, contact our customer support or talk to us to get the answers of it.

Assignment Help Australia
Want latest solution of this assignment

Want to order fresh copy of the Market Research: Logistic Relationship Answers Assessment Answers? online or do you need the old solutions for Sample Market Research: Logistic Relationship Answers Assessment Answer, contact our customer support or talk to us to get the answers of it.

Submit Your Assignment Here

AssignmentHippo Features

On Time Delivery

Our motto is deliver assignment on Time. Our Expert writers deliver quality assignments to the students.

Plagiarism Free Work

Get reliable and unique assignments by using our 100% plagiarism-free.

24 X 7 Live Help

Get connected 24*7 with our Live Chat support executives to receive instant solutions for your assignment.

Services For All Subjects

Get Help with all the subjects like: Programming, Accounting, Finance, Engineering, Law and Marketing.

Best Price Guarantee

Get premium service at a pocket-friendly rate at AssignmentHippo


  • Assignment Writing Guide
  • Essay Writing Guide
  • Dissertation Writing Guide
  • Research Paper Writing Guide


  • Accounts
  • Computer Science
  • Economics
  • Engineering

Client Review

I was struggling so hard to complete my marketing assignment on brand development when I decided to finally reach to the experts of this portal. They certainly deliver perfect consistency and the desired format. The content prepared by the experts of this platform was simply amazing. I definitely owe my grades to them.

Tap to Chat
Get instant assignment help