ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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This is the gathering and interpreting of information about a market, about a product or service to be offered to that market, and about the customers for that product or service.
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Market Research
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Industrial Management
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Simply stated, market research is defined as the process of gathering data on goods and services to determine whether the product or service will satisfy customers’ needs. Market research can identify market trends, demographics, economic shifts, customer’s buying habits, and important information on competition.
Detailed explanation-2: -Market research is the process of gathering and analyzing information about a market, product, or service in order to gain insight into customers, competitors, and the market itself.
There is 1 question to complete.