ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Social media can be used as a free market research tool by
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improving your product based on the feedback you get
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seeing what kind of deals and pricing your competition is offering
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testing offers for your product or service and see what kind of response you get
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all of the above
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Explanation:
Detailed explanation-1: -Brands can carry out market research using social media in the following ways: Using social listening to track what is being said about their company, brand, and products. Using the tools available on social media platforms to conduct polls and/or surveys.
Detailed explanation-2: -Social media marketing (SMM) (also known as digital marketing and e-marketing) is the use of social media-the platforms on which users build social networks and share information-to build a company’s brand, increase sales, and drive website traffic.
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