ECONOMICS

Detailed explanation-1: -It provides a detailed analysis of how efficiently business management and marketing strategies are working and the scope for improvement. There are two main types of business research corresponding to quantitative analysis and qualitative analysis.

Detailed explanation-2: -Marketing research and product development research are two common areas of business research study. Managers should strive for consistency and objectivity in their work.

Detailed explanation-3: -Which of the following statements is true about the information research process? It is a systematic approach to collecting, analyzing, interpreting, and transforming data into decision-making information.

Detailed explanation-4: -Which of the following is NOT a common activity of a marketing research department? Creating new advertising.