ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
Question
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What is the third step of marketing research process?
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Define the research problem
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Select research approach
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Research design formulation
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Analyse data
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Explanation:
Detailed explanation-1: -The third step involves the formulation of the research design which is the framework or blueprint for conducting the marketing research project.
Detailed explanation-2: -Collect Relevant Data and Information: The third step is to collect relevant data that is needed to support the research plan.
Detailed explanation-3: -Step 1: Identify and develop your topic. Step 2 : Do a preliminary search for information. Step 3: Locate materials. Step 4: Evaluate your sources. Step 5: Make notes. Step 6: Write your paper. More items
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