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Your results should be thoroughly documented so that you can have a ready source of information for follow-on and related procurements

The documentation may assist acquisition professionals who may follow in your footsteps and who will need a trail of documentation to assist them with their own market research efforts

Market researchers from other government organizations may contact you for information if they are working a similar requirement for their agencies

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15y ago

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What are the Importance of business research methods?

Companies conduct business research for any number of reasons. They want to gather crucial information on consumers and business clients. In order to make sure that the data they receive is correct, it it very important to use proven methods.


What is difference between marketing and marketing research?

Marketing is about promoting products (goods or services). Marketing research is about how potential a market is... how promising the buying power of the consumers is... and how tight the competition is. Marketing can not be done without market research. Market research has to come first, from this research you should ask questions like: What will consumers pay for my product? What are my clients needs and wants? Who are my target market? Who are my competitors? etc Once you have answered these questions you can develop a tailored marketing plan which will meet your customers wants and needs whilst also targeting the correct market. Essentially Marketing is the 4 P's Deveoping your PRODUCT/ brand... Understanding your USP. Having a PRICING strategy that suits and product, competition and client. PLACING your product in the correct location, shop, online, area... Where ever your customers want it! PROMOTION meeting your customers needs with valuable relevant advertising etc. None of this can be done however until Market research is done! Marketing is often studied in Business Administration and Communications.


This property is for sale sell --choose correct form of verb?

The correct form of verb of the sentence "This property is for sale, sell" is "sale".


How a marketing professional assures the research or information is correct?

A marketing professional ensures the accuracy of research or information by utilizing reputable sources, including academic journals, industry reports, and trusted databases. They cross-verify data through multiple sources to confirm consistency and reliability. Additionally, they often leverage tools for data analysis and seek expert opinions to validate findings, ensuring a comprehensive understanding of the market landscape. Regularly updating their knowledge and adapting to new trends further enhances their ability to provide accurate information.


Satisfied customers are your goal. does this sentence correct?

Yes

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