MANAGEMENT

Detailed explanation-1: -Step 1: Identify the Problem The first step for any marketing research activity is to clearly identify and define the problem you are trying to solve. You start by stating the marketing or business problem you need to address and for which you need additional information to figure out a solution.

Detailed explanation-2: -The best-known example is the International Olympic Committee (IOC), the organizer of the modern Olympic Games. General sports organizations are responsible for sports-related topics, usually for a certain group, such as the Catholic or Jewish sports groups.

Detailed explanation-3: -Define the Problem or Opportunity The most important part of the marketing research process is defining the problem. In order to do any research and collect data, you have to know what you are trying to learn from the research.