BUISENESS MANAGEMENT
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Yes, because you need to identify through a draw your objectives
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No, because you use the information from the others steps to get conclusions
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No, because Draw Conclusion is the 5th step in the market research cycle
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None of the above
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Detailed explanation-1: -What are the stages of the marketing life cycle? The three key stages are attract, nurture, and conversion. Your path should go from engaging the prospect, to nurturing them at each stage of getting to know your brand to converting them into a brand advocate buyer.
Detailed explanation-2: -The first step in the marketing research process, then, is to establish a SMART objective. This should be a Specific, Measurable, Attainable, Relevant and Timely marketing goal that the organization wishes to achieve: to develop, to grow, to compare, to measure, etc.
Detailed explanation-3: -Report, Present, Take Action. The final step in the market research process is to present your survey research findings and draw conclusions.