Sampling. There are a number of ways in which a sample can be chosen.

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Sampling

Carrying out a survey of every single potential consumer (known as population) of a firm’s product would be impractical, time-consuming and costly. Businesses still, however, need to collect enough primary data to have a clear idea of the views of consumers. This can be done by taking a sample of the population. This sample group should be made up of consumers that are representative of all potential buyers of the product. There are a number of ways in which a sample can be chosen.

Random Sampling

This method gives each member of a group an equal chance of being chosen. In other words, the sample is selected at random, rather like picking numbers out of a hat. Today computers can be used to produce a random list of numbers which are then used as the basis for selecting a sample. Its main advantage is that bias cannot be introduced when choosing the sample. However, it assumes that all members of the group are the same (homogeneous), which is not always the case. A small sample chosen in this way may not have the characteristics of the population, so a very large sample would have to be taken to make sure it was repetitive. It would be very costly and time consuming for firms to draw up a list of the whole population and then contact and interview them.

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        One method sometimes used to reduce the time taken to locate a random sample is to choose every tenth or twentieth name on a list. This is known as systematic sampling. It is, however, less random.

Stratified Random Sampling

This method of random sampling is often preferred by researchers as it makes the sample more representative of the whole group. The sample is divided in segments or strata based on previous knowledge about how the population is divided up. So, if the business was interested in how ‘class’ affected consumers’ demand for a food product, it might ...

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