GENERAL KNOWLEDGE

GK

MARKETING MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Market Research on Pricing includes
A
Cost Analysis
B
Perceived Prices
C
Demand Elasticities
D
All of the above
Explanation: 

Detailed explanation-1: -Key Pricing Market Research services include: Cost Structure Analysis. Fixed and Variable Cost Analysis. Revenue Analysis. Profitability Analysis.

Detailed explanation-2: -Four common types of market research techniques include surveys, interviews, focus groups, and customer observation.

Detailed explanation-3: -The purpose of market research is to examine the market associated with a particular good or service to determine how the audience will receive it.

Detailed explanation-4: -Some of the overarching goals that market research can help organizations accomplish, include: making important business decisions, securing investments and funding, determining new business opportunities, and even avoiding business failures.

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