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Where marketing research would be helpful?

amfan250
Posts: 41
Joined: 05 Jan 21
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Where marketing research would be helpful?

Market research can identify how customers and potential customers might view your business and identify gaps in customer expectations. This is powerful information to have when completing your marketing strategy. Having good market intelligence helps to minimize risks when making key business decisions.
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veeprhomarketing
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A good marketing research helps in identifying the commercial viability of the product. A sound marketing research helps in minimizing your risks and increasing your profits.
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sarahboyer
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Marketing research is used to analyze and evaluate the performances of a company within a market. It also studies the effectiveness of a sales force.
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amfan250
Posts: 41
Joined: 05 Jan 21
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sarahboyer wrote:Marketing research is used to analyze and evaluate the performances of a company within a market. It also studies the effectiveness of a sales force.


This is a valuable answer. Thank you
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ronaldandrson
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Joined: 07 Nov 19
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Use market research to gain a better perspective and understanding of your market or target audience and ensure that your firm stays ahead of the competition. It minimises any investment risk. This is a simple but vitally important and often business critical consideration.
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juherianto
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Market research can help your company or business conduct analysis like the demand of the market, competition, and your competitive advantage before decided to make business decision which can minimize the risk.
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davidmull
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General market trends may identify how clients and possible prospects may possibly view your enterprise and identify differences in customer expectations. That is powerful advice to happen after completing your promoting plan. Possessing good market wisdom helps to reevaluate threats when making key business decisions.
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amfan250
Posts: 41
Joined: 05 Jan 21
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davidmull wrote:General market trends may identify how clients and possible prospects may possibly view your enterprise and identify differences in customer expectations. That is powerful advice to happen after completing your promoting plan. Possessing good market wisdom helps to reevaluate threats when making key business decisions.


Thank you for this information.
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sharmagautam2909
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Joined: 30 May 19
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Market process is the process of gathering , recording and qualitative and quantitative data.
It helps you
-to reduce the risk and increase profitability
-to understand existing customers on a deeper level
-to set goals that are attainable
-to determine strength,weakness,opportunities and threat
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louisebuckner
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Joined: 02 Mar 21
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The Quantitative Data Provides A Deep Understanding Of Customers. It Allows Marketers To Understand How Customers Use A Product. By Truly Understanding Customers' Wants, Needs, And Motivations Marketers Can Create Products That Respond To Those Needs.
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kathleenrowan
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Joined: 09 Aug 20
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sarahboyer wrote:Marketing research is used to analyze and evaluate the performances of a company within a market. It also studies the effectiveness of a sales force.


In short, This is a very useful answer. Thank you
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juliahale8745
Posts: 24
Joined: 08 Mar 21
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Market research can identify how customers and potential customers might view your business and identify gaps in customer expectations. This is powerful information to have when completing your marketing strategy. Having good market intelligence helps to minimise risks when making key business decisions.
https://www.maaccountancy.co.uk/
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