BUISENESS MANAGEMENT
MARKET RESEARCH
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
product
|
|
media
|
|
market info
|
|
attitude
|
Detailed explanation-1: -Product Research Research that centers on evaluating product design, package design, product usage, and consumer acceptance of new and existing products.
Detailed explanation-2: -Market research is a critical tool in helping companies understand what consumers want, developing products that those consumers will use, and maintaining a competitive advantage over other companies in their industry.
Detailed explanation-3: -Market research can be beneficial in many different facets of business, including the design of products and product packaging. Market research allows companies a more complete understanding of consumer desires and the effect that specific product packaging has on purchasing patterns and preferences.
Detailed explanation-4: -Four common types of market research techniques include surveys, interviews, focus groups, and customer observation.