BUISENESS MANAGEMENT
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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improving your product based on the feedback you get
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seeing what kind of deals and pricing your competition is offering
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testing offers for your product or service and see what kind of response you get
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all of the above
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Detailed explanation-1: -Brands can carry out market research using social media in the following ways: Using social listening to track what is being said about their company, brand, and products. Using the tools available on social media platforms to conduct polls and/or surveys.
Detailed explanation-2: -Some businesses use social media for increasing their brand awareness, others use it for driving website traffic and sales. Social media can also help you generate engagement around your brand, create a community, and serve as a customer support channel for your customers.
Detailed explanation-3: -What is social media market research? Social media market research is the practice of gathering historical and real-time data from social media channels to better understand your brand’s target market.