MANAGEMENT

Detailed explanation-1: -The most common primary market research methods are interviews, surveys, focus groups and observations.

Detailed explanation-2: -The purpose of market research is to look at the market associated with a particular good or service to ascertain how the audience will receive it.

Detailed explanation-3: -Market research is the process of gathering information about your target market and customers to verify the success of a new product, help your team iterate on an existing product, or understand brand perception to ensure your team is effectively communicating your company’s value effectively.

Detailed explanation-4: -The primary purpose of conducting market research is to understand or examine the market associated with a particular product or service to decide how the audience will react to a product or service.