ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Alexa’s Boutique decided to change their logo so that it would stand out and appeal more to their target market. Which function of marketing is this?
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Product
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Financing
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Pricing
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Selling
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Explanation:
Detailed explanation-1: -The primary purpose of conducting market research is to understand or examine the market associated with a particular product or service to decide how the audience will react to a product or service.
Detailed explanation-2: -The first step in the marketing research process is defining the problem or the question your research is trying to answer, followed by developing a research plan to answer that question, collecting and analyzing the data, and then producing a report.
There is 1 question to complete.