ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To understand a particular market, you need to research
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the business environment
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the competition
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individual consumers or businesses
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all of the above
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Explanation:
Detailed explanation-1: -Traditionally, market research encompassed four major disciplines: primary, secondary, quantitative and qualitative. However, as technology and marketing have become sophisticated, we’ve divided many of these types of research and insights into individual processes that allow for more granular data collection.
Detailed explanation-2: -There are three types of market research-exploratory, descriptive, and causal.
Detailed explanation-3: -Making solid business decisions. Securing funding from investors. Determining new business opportunities. Avoiding business failures. 05-Feb-2015
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