answersLogoWhite

0


Best Answer

Performance-monitoring research provides information regarding the status of the marketing system; it signals the presence of potential problems or opportunities

User Avatar

Rosalinda Blick

Lvl 10
2y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the purpose of market research?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Consumer market research serves what purpose?

The purpose of consumer market research is to determine how consumers view a product or brand. With the results of consumer market research, a company can make better business decisions.


What statements best explains the purpose of market research?

Market research helps producers earn more profits ~


What is an example of a type of market research that producers conduct?

Define market research, describe its purpose, and give at least one example of a type of market research that producers conduct


The primary purpose of identifying enabling products services and technologies when performing service-focused strategic market research is?

assess the need to perform strategic market research for the service


Primary purpose of identifying enabling products services and technologies when performing service-focused strategic market research is to?

assess the need to perform strategic market research for the service


What are stages in market research process?

= stages in market research process = 1-research purpose 2-research objectives 3-estimate the value of information 4-design the research 5-collect the data prepare and analyze the data 6_report research result and provide strategic recommendation.


Modes of market research?

Market Research is a key factor to get advantage over competitors. Market research provides important information to identify and analyze the market need, market size and competition.Modes of Market Research and quantitative -- how many and qualitative -- what kind.Quantitative Market Research includes tasks such as:» Consumer Market Survey» Market Research Data Collection» Statistics» Market Significance testing» Market Research Data Analysis» Data Validation ServiceQualitative Market Research includes tasks such as:» Brand Market Research» Market Sector Research» Consumer Market Research» Pricing Research» Market Research Focus Groups


Discuss the purpose of reserach?

To discover the challenges you will face in a particular market. Without proper research you will not know what to expect and how to compete effectively in the market place.


Why Overseas market research difficult then domestic market research?

An overseas market research could be an overseas domestic market research then. Not sure the question is clear. Wouldn't be more like: "Why overseas consumer market research is more difficult than national consumer market research?" No?


What best describes the purpose of market research?

To help producers make more money.


Differences between marketing research and market research?

Marketing Research is broad whilst Market Research is narrow. Marketing Research is universal set whilst Market Research is the subset of the marketing research.


Benefit of primary market research?

Primary market is the initial step of market research in this we can analyse the market behavior of the market.