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How should the marketing research be applied to the development of the business?
Wiki User
∙ 10y ago
In order for a business to succeed, marketing research must effectively be accomplished to make sure the company's products have a healthy demand for its products. Unless they do, the company must either change their product to meet the demand their marketing research has discovered or change where the product will be sold, that matches the product as it now stands.
Here are some examples:
* research has indicated that the market target, has few customers that neither need the product nor can afford the product;
* should the above be true, then market research should be done in other markets to see if there is another market target available for the product;
* marketing research should help determine what products the company produces will sell in any particular market;
* if so, then test sampling of the protect can be done to see if the research has been accurate; and
* good marketing research can inform the company how company products can be altered to be sold in any given market.
Wiki User
∙ 10y ago
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Using basic research methods the outcome of the research is applied to a business problem?
Applied Research
Nature of Research?
Business Research is a systematic and objective process of gathering,recording and analyzing data for aid in making business decisions... In general, business research refers to any type of researching done when starting or running any kind of business. For example, starting any type of business requires research into the target customer and the competition to create a business plan.
What appeals to you about working in the Operational Research group at British Airways and why?
60 years of Operational Research presence wide range of OR techniques applied from simulation modelling to scheduling wide range of teams where OR has an established base from Strategy to Marketing They value innovation and support learning & development of their staff
What is the difference between basic research applied research and technological development?
Basic research aims to expand knowledge and understanding of a particular subject without a specific application in mind. Applied research seeks to solve specific problems or address practical issues by using knowledge gained from basic research. Technological development involves the creation or improvement of tools, processes, or products based on research findings to meet specific technological needs.
Is technology a product of pure research or applied research?
applied research
Difference between applied science and natural sciences?
For example natural science is the study of a tree's reproduction cycle, nutrient intake. And applied science would be the study of how the leaves of a tree maximize solar collection and then applying that data to a solar cell.
WHAT IS aab?
The abbreviation for an Associate of Applied Business is AAB. An AAB degree provides graduates with a general business education, typically with a area concentration, such as Human Resources, Management, or Marketing.
What are the examples of basic and applied research?
Similarities between pure and applied research
Why is technology a product of applied research?
Technology is advancing all the time. Any new research is applied to the current technology. Therefore, applied research is basically research into technology that is then applied!
What has the author Valerie Maholmes written?
Valerie Maholmes has written: 'Applied research in child and adolescent development' -- subject(s): Child psychology, Adolescent psychology, Research
Explain how the marketing concept can be applied in non profit organisations?
Explain how the marketing concept can be applied in non profit organization?
What are examples of applied research?
There are a great many examples of applied research in the world. Research that goes into urban schools by teachers are applied for example.
