BUISENESS MANAGEMENT
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 for a new business?
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To attract repeat purchases
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To attract trial purchases
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To attract advertising
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None of the above
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Explanation:
Detailed explanation-1: -The first step in the marketing research process is defining the problem or the question your research is trying to answer, followed by developing a research plan to answer that question, collecting and analyzing the data, and then producing a report.
Detailed explanation-2: -The first step in conducting strategic market research is to identify the market or market segment of interest and to scope out the task.
There is 1 question to complete.