answersLogoWhite

0


Best Answer

Advantages:

  • lower cost than primary data collection methods,
  • rapid availability and timelineness of brand switching and shifts in buyer preferences
  • accurate report of sensitive expenditures: beer, liquor, cigarettes
  • high level of specificity e.g. actual products not intentions anymore
  • information on aggregate sales activity and shifts in retail outlets (store performances
  • Disadvantages:
    • there are possibility of selection bias which is distortion of evidence or data that arises from the way that the data are collected.
    Mortality effect
  • testing effect
User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Advantages and disadvantages of a consumer panel?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Advantages and disadvantages of consumer behavior?

benefits of consumer behaviour


What are disadvantages and advantages of the consumer society?

what are the advantages of a consumer society


What are the 5 advantages and disadvantages of consumer protection?

The advantages are that it is good for the consumers and there are no disadvantages except for the companies


What are thetwo disadvantages of this concept in determining consumer behaviorand how are these disadvantages overcome?

What are some disadvantages or advantages in chemical energy?


What are the advantages and disadvantages of Custom Written?

Two advantages of custom written software are that the software is specific for the needs of the consumer, and the consumer owns the software after it is written for them. Two disadvantages are that this software often needs debugged, which can take hours, and the consumer does not get the credit for writing the software.


What are the benefits and problems of living in a consumer society?

what are advantages n disadvantages of capitalism?


What is the explanation for the internet shopping trade cycle?

what is the Advantages and disadvantages of consumer e-Commerce? answer it....


advantages and disadvantages of equity?

Advantages and Disadvantages of equity


What are advantages and disadvantages of artificial seasoning of timber?

advantages and disadvantages


What are the advantages of the consumer society?

what are the advantages of a consumer society


What are Advantages and disadvantages of recession?

advantages and disadvantages of recession


What are the advantages and disadvantages of antipyretic?

what are the disadvantages and advantages of antipyretic