BUISENESS MANAGEMENT
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A business sells five different products. If the managers of the business wanted to showhow the sales of each product contributed to total sales it would be most likely to use a:1) table2) pie chart3) line graph4) tally chart
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4
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Explanation:
Detailed explanation-1: -Which of the following questions is market research not likely to find an answer to? Would consumers be likely to buy my product?
Detailed explanation-2: -Compared to other research methods such as the interview, the questionnaire helps bring greater structure to any research, which can help maximise the success of whatever you’re trying to investigate and answer.
Detailed explanation-3: -Market research allows companies to understand the demand and viability of their product and to see how it might perform in the real world. Market research is conducted either through primary information or secondary information, both providing unique insights into a company’s offering.
There is 1 question to complete.