ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In market research, a sample is defined as:1) a free gift to the consumer2) a trial of the product so that consumers can test it at home and then give their opinions3) all of the potential consumers of a product4) a group selected from all of the potential consumers of a product
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Explanation:
Detailed explanation-1: -Marketing research is a systematic approach to gathering, analyzing, and reporting information that helps organizations make better marketing decisions.
Detailed explanation-2: -Four common types of market research techniques include surveys, interviews, focus groups, and customer observation.
Detailed explanation-3: -Market research is the process of evaluating the viability of a new service or product through research conducted directly with potential customers. Market research allows a company to define its target market and get opinions and other feedback from consumers about their interest in a product or service.
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