ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the first step to market research?
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Obtaining Data
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Analyzing Data
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Recommending Solutions to the Problem
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Defining the Problem
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Applying the Results
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Explanation:
Detailed explanation-1: -Define the problem and research objectives. The first step in any marketing research study is to define the problem, while taking into account the purpose of the study, the relevant background information, what information is needed, and how it will be used in decision making.
Detailed explanation-2: -Define the Problem. Develop the Research Strategy. Acquire the Research Materials. Collect the Data. Analyze the Data. Compile the Data. Implement Data-Driven Strategies. 22-Sept-2022
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