A good situation analysis is usually inexpensive compared with more formal research efforts, such as a large scale survey.

Question

Quizplus · Accepted Answer

Situation analysis typically involves gathering information from readily available sources such as internal reports, industry publications, government data, and online sources. These sources are usually inexpensive or free, making a situation analysis a cost-effective way to gather insights and inform business decisions. On the other hand, large scale surveys require significant resources, time and money to design, administer, collect, and analyze data.

A Good Situation Analysis Is Usually Inexpensive Compared with More