ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A set of questions fully answering what the business wants to know about a target market
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A set of questions that are poorly written
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A set of questions that vaguely answer the companies question
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A long survey asking the consumer random questions
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Detailed explanation-1: -How does market research help marketers validate their target market? Market research can provide insights into the makeup of existing customers and potential customers. A company can use that information to see if the customers they have been targeting are in fact their most promising customers.
Detailed explanation-2: -An example of market research is conducting an online search on a particular topic and making note of the most recent data published on that topic.
Detailed explanation-3: -Demographic questions e.g. How old are you? How likely are you to recommend us to a friend? Did you consider any of our competitors? What do you wish our product could do? How would you rate your most recent experience with us? How long have you been a customer? More items