BUISENESS MANAGEMENT
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A business wants to find out information about its rivals, such as products sold and prices charged. This is an example of market research being used to find out about:
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Competitors
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Demand
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Target market
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Customers
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Explanation:
Detailed explanation-1: -Defining a market, knowing your relative performance on the competitive landscape and driving healthy, repeatable customer experiences are all vital elements of competitor analysis. The last important part of a competitor analysis framework is the messaging around the good or service itself.
Detailed explanation-2: -Competitors are other businesses who can offer the same or similar goods and services to your customers.
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