MANAGEMENT

Detailed explanation-1: -Market research provides critical information about your market and your business landscape. It can tell you how your company is perceived by the target customers and clients you want to reach.

Detailed explanation-2: -They can use market research to make sure there is demand for their product or service before they launch it. To provide information on whether people like the product. This means changes can be made to the product to meet the needs of the customer.

Detailed explanation-3: -Conducting market and customer research gives you insight and data on local and global market trends that will help you make decisions when starting or growing a business.

Detailed explanation-4: -By identifying consumer desires a business can help these goods reach their target customer. Understanding the different types of needs customers have can help you develop more effective marketing campaigns.