BUISENESS MANAGEMENT
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Market research should be done before and after starting a new business.
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T
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F
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -The right time for a business venture to undertake market research is before the launch of a new business or venture. In case everything looks positive, a business can go ahead and launch its new venture.
Detailed explanation-2: -It can help you decide whether a new idea for a business or product will fly – that is, if customers will find it appealing – based on how similar products have performed in the marketplace. It can help you make wise product packaging and promotional decisions, as well as effective marketing messages.
There is 1 question to complete.