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Why primary market research?

Primary Market Research: In this research we can communicate with directly with customer and gathering information from the potential customer.


Why are the consumers who make up the target market for a product referred to as potential customer?

because market


Why is advertising such a powerful tool?

Advertising introduce your products and services to the potential customer and help converting potential customer in real paying customer. It is getting more and more important in globalized economy and open market.


What types of information are commonly collected as part of market research Select all that apply.?

Common types of information collected as part of market research include customer demographics, purchasing behavior, market trends, competitor analysis, and customer feedback.


When the customer demand is equal to the seller production what is this called?

Market equilibrium


What is the importance of market segmentation?

From a marketing perspective, it is used to define your primary target market(s). It also helps you to identify your potential customer(s) very easily.


What are the market potential objectives?

Objectives of market potential


Definition of market research?

Market Research is a Getting and analyse the customer behavior of the market day to day operations and Customer.


Who is called the potential purchaser of product?

The potential purchaser of a product is often referred to as a "prospective buyer" or "target customer." This individual or entity has shown interest in the product and possesses the characteristics that align with the product's market segment. Understanding their needs and preferences is crucial for marketers to effectively engage and convert them into actual customers.


What is the difference between Market Research vs Marketing Research Which of these two can have a full understanding of potential customers?

Market research involves collecting and analyzing information about marketing programs, competitors and consumers. The objective of the market research is to build list, help in pricing decisions, to get customer satisfaction, market competition, and market competition. While marketing research is to gain a thorough understanding of potential customers.


What is your reason for the topic -the potential market for suit?

What is your reason for the topic -the potential market for suit?


What is the meaning and definition of market potential?

market