BUISENESS MANAGEMENT
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is Market Research Cycle?
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Seven basic steps in market research that the entrepreneur does to answer a research objetive
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Five basic steps in market research that the entrepreneur does to answer a research objetive
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Six basic steps in market research that the entrepreneur does to answer a research objetive
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None of the above
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Explanation:
Detailed explanation-1: -Market research blends consumer behavior and economic trends to confirm and improve your business idea. It’s crucial to understand your consumer base from the outset. Market research lets you reduce risks even while your business is still just a gleam in your eye.
Detailed explanation-2: -Marketing Research (Marketing Research) is a process that you need to do before starting a business. It aims to obtain objective and accurate data which can then be used as a reference in making decisions.
There is 1 question to complete.