ENTREPRENEURSHIP

Detailed explanation-1: -Market research is the process by which companies seek to collect data systematically to make better decisions. Still, its true value lies in the way in which all the data obtained is used to achieve a better knowledge of the market consumer.

Detailed explanation-2: -It serves as the face of your company, coordinating and producing all materials representing the business. It is the Marketing Department’s job to reach out to prospects, customers, investors and/or the community, while creating an overarching image that represents your company in a positive light.

Detailed explanation-3: -Database marketing is a systematic approach to the gathering, consolidation and processing of consumer data. Database marketing is also a form of direct marketing and may be called customer relationship management. Data of both customers and potential customers are collected and are maintained in a company’s database.

Detailed explanation-4: -What is data collection in market research? Data collection entails gathering all the necessary raw information for your market research. Some people also extend the definition to include analyzing that data to extract valuable insights for your research objectives.