MANAGEMENT

Detailed explanation-1: -They can use market research to make sure there is demand for their product or service before they launch it. To provide information on whether people like the product. This means changes can be made to the product to meet the needs of the customer.

Detailed explanation-2: -Market research is an effective tool to assist your business planning. It is about collecting information that provides an insight into your customers thinking, buying patterns, and location. In addition, market research can also assist you to monitor market trends and keep an eye on what your competition is doing.

Detailed explanation-3: -Pew Research Center Here is another one of the best free-market research tools. The Pew Research Center is an amazing source for gathering secondary information about your market segments. You can get both quantitative and qualitative data about your target.

Detailed explanation-4: -Some of the overarching goals that market research can help organizations accomplish, include: making important business decisions, securing investments and funding, determining new business opportunities, and even avoiding business failures.