BUISENESS MANAGEMENT
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which 3 statements is a purpose of market research?
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To promote goods or services
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To understand the needs of the customer
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To identify competitors
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To identify market trends
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Explanation:
Detailed explanation-1: -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-2: -There are three types of market research-exploratory, descriptive, and causal.
There is 1 question to complete.