Market Research

A very important element of business strategy, market research is an organized effort to collect information about markets or customers. It is an important factor to get advantage over rivals, providing significant information to analyze and identify the market need and size and competition.

4,904 Questions
Market Research
Sales and Customer Service

What are the Limitations of swot analysis?

One major problem with the SWOT analysis is that while it emphasizes the importance of the four elements associated with the organizational and environmental analysis, it does not address how the company can identify the elements for their own company. Many organizational executives may not be able to determine what these elements are, and the SWOT framework provides no guidance. For example, what if a strength identified by the company is not truly a strength? While a company might believe its customer service is strong, they may be unaware of problems with employees or the capabilities of other companies to provide a higher level of customer service. Weaknesses are often easier to determine, but typically after it is too late to create a new strategy to offset them. A company may also have difficulty identifying opportunities. Depending on the organization, what may seem like an opportunity to some, may appear to be a threat to others. Opportunities may be easy to overlook or may be identified long after they can be exploited. Similarly, a company may have difficulty anticipating possible threats in order to effectively avoid them. While the SWOT framework does not provide managers with the guidance to identify strengths, weaknesses, opportunities, and threats, it does tell managers what questions to ask during the strategy development process, even if it does not provide the answers. Managers know to ask and to determine a strategy that will take advantage of a company's strengths, minimize its weaknesses, exploit opportunities, or neutralize threats. Some experts argue that making strategic choices for the firm is less important than asking the right questions in choosing the strategy. A company may mistakenly solve a problem by providing the correct answer to the wrong question.

358359360
Sales and Customer Service
Business and Industry
Market Research

What are slowest months for retail?

Every month except December.

***

Another answer:

The "slowest" months depends partly on the merchandise you're selling (car parts always sell as do big appliances). The absolute slowest months are January through Spring Break (usually March) and mid-July through August (vacations). The busiest times are the week before Halloween through December 28, Valentine's Day, Easter and June (graduations and weddings). The rest of the year is when you really have to do the work; 1/3 will buy no matter what, 1/3 won't buy anything and the remaining 1/3 will be those you have to market to.

351352353
Internet Research
Marketing Advertising and Sales
Market Research

What does conclusive marketing research entail?

This involves clearly defined research objectives and information needs. Some approaches to this research include surveys, experiments, observations, and simulation.

311312313
Economics
Sales and Customer Service
Market Research

What is characteristics of financial services?

security,liqudity

299300301
Marketing Advertising and Sales
Business Globalization
Market Research
Toothpaste

SWOT Analysis pepsodent?

SWOT or the acronym for Strength, Weakness, Opportunity and Threats is done for the analysis of the external environment of a business. The business strength has to tackle with the available opportunities and to overcome the persisting threats in the market. For brands like Pepsodent, the analysis would include pre-view of the competitors like Colgate and many more and looking into what strategy do the competitors follow in making there brand stand out. In relation to this the strategy defining is done through the TOWS matrix.

299300301
Marketing Advertising and Sales
Definitions
Market Research

What is the definition of soft marketing?

selling feathers

The marketing which has done through online is called "Soft Marketing".

297298299
Market Research
Lamborghini
Slogans and Mottos

What is the current slogan of Lamborghini?

I think it's "The worlds biggest secret"... well, that slogan is for the aventor, reventon and aventor J.

296297298
Sales and Customer Service
Market Research
Research Papers
The Difference Between

What is a questionnaire?

It is a list of questions designed to collect specific information. It is used for research work by scientists, businesses, and political parties, among others.
A questionnaire is a research instrument consisting of a series of questions and other prompts for the purpose of gathering information from respondents. Although they are often designed for statistical analysis of the responses, this is not always the case
It is a series of questions or survey that is asked to respondents, and designed to extract specific information.
A questionnaire is a list of questions with multiple answers to tick off, or you may be asked, or are required to fill in the answers.


A questionnaire is a list of questions that is used to get peoples opinions on certain subjects, They are used in politics or in a work environment.

203204205
Affiliate Marketing
Small Business and Entrepreneurship
Internet Marketing
Market Research
Affiliate Marketing Programs

How big is the affiliate marketing industry?

the affiliate marketing industry is very big and every owner of website invest in affiliate market to get fast and quality results. but be careful there is many fruad affialiat companies come in the market.
264265266
Makeup
Market Research

What is the brand definition for MAC Cosmetics?

M-A-C

stands for Makeup-Art-Cosmetics.

281282283
Market Research
Business Plans
Marketing Advertising and Sales

What is the purpose of a marketing plan?

A perfect marketing plan invites to set thedirectionof the business which that helps in promoting the business, building a customer base anddeterminingthe opportunities for profit generation.Creating a marketing plan helps in deciding and predicting the projected expenses and possible projected income.For every business organization, planning plays a key role and a core business principle that will help in determining the future of the business. The first prime major consideration what a marketing plan demands is the identification of the potential customers and their need, wants and desires.

273274275
Tuck Everlasting
Shopping
Market Research

What is a tuck shop?

A tuck shop is a shop that sells sweets and food (crisps, chocolate etc.)

267268269
Statistics
Market Research
Research Papers
Learning Tips and Study Habits

What are primary and secondary research?

From my understanding, Primary and Secondary research are the difference in conducting the research. In Primary research, there is no data available for the researcher, hence the researcher has to start from scratch. This means that the researcher needs to design questionaires, collect data from respondents and then analyse the result. If you are doing secondary research, the researcher have the necessary data available. These data are made available through other publications or reports, like newspaper or annual reports of companies. If the researcher is doing secondary research, there is no need to start from scratch, he or she uses the data or information done by other organizations or publications. The important thing is that there are advantages and disadvantages for both methods. Primary research is more time consuming and costly. While some secondary research may not suit the researcher's needs.

115116117
Business Plans
Marketing Advertising and Sales
Market Research

How do you write a marketing plan?

This is advice on small business marketing planning from the Federal Consumer Information Center and the Small Business Administration: The first step in developing a small business marketing plan is to understand your market. Market evaluation is critical and provides the basic data that will determine if and where you can successfully sell your product or service. Developing a small business marketing plan involves defining your goals, scrutinizing your competition and your customer base, and interviewing potential suppliers. The information collected can help you; if necessary, adapt your product or service to better meet customer needs. Market research can help you: * create primary and alternative sales approaches to a given market, * make profit projections from a more accurate database, * organize marketing activities, * develop critical short- and mid-term sales goals and establish the market's profit boundaries, and * identify what makes your business different from similar businesses with similar products. Your marketing research should answer these basic questions: * Who are your customers? * Where are they located? * What are their needs and resources? * Is the service or product essential in their operations or activities? * Can the customer afford the service or product? * Where can you create a demand for the service or product? * Can you compete effectively in price, quality and delivery? * How many competitors provide the same service or product? * What is the general economy of your service or product area? * What areas within your market are declining or growing? Research on competitors is extremely important. Visit industry trade shows to find out what your competitors are selling and how they are marketing their products. Similarly, stay current on industry magazines and publications. Market research isn't a one-time activity. Once you establish your business, you should stay in touch with your customers. You may have to adapt your product or service and alter your marketing strategy to keep up with your customers' changing needs.

267268269
Market Research

How galvanometer helps in marketing research?

The skin's electrical conductivity changes with emotion. The galvanometer measures electrical conductivity. A polygraph (lie detector) uses this principle to determine the anxiety level involved in a response to a question. The subjects of the research could be monitored for their galvanometric response to different stimuli (products). The researcher could use the data to conclude that one stimulus elicits a stronger emotion than some other stimulus and is, therefore, better.

259260261
Market Research

What is the global watch market size?

400 million units

259260261
Market Research
File Sharing
Internet Research

How often do you conduct marketing research?

When you do not know the results or outcome. Marketing research gives you a comfort level & indicator to see if your thesis or judgment was right on the money

255256257
Affiliate Marketing
Market Research
Social Media

Is popular net jobs true or fake?

It's true. They are legitimate.

It is very difficult to trust on the net jobs because now a days plenty of earning programs are running online but it is very risky to trust on them because maximum of them are cheat the users.

241242243
Market Research
Marketing Advertising and Sales
Definitions

How would you define push marketing?

Push marketing is a proactive technique that enables e-marketers to "push" their product/service information to Web visitors or shoppers without their requesting it.

239240241
Market Research

What does dominant means in a company?

it means it to excell

231232233
Cars & Vehicles
Used Car Buying
Market Research

How do you find a reputable company for an extended warranty on a used car?

Pretty much just a waste of money. use the money toward keeping up the preventative maintanence on your vehicle and you wont need and extended warranty. change oil regularly, get your trans and radiator flushed every 30,000 miles things like that. spark plugs only last about 30,000 as well to work efficently

Extended warranty covers much more than a periodic service. It covers mechanical and electrical repair on failure. Not that much of a waste of money on a prestige/ high value/ modern car especially if you are not mechanically minded or have no time or facility to do the maintenance. Your insurance company and/or automoile club (AA, RAC, Green Flag, AAA etc) will have a list of preferred and approved extended warranty companies.

212213214
Sales and Customer Service
Market Research

Discuss the importance of consumer behavior in marketing?

consumer behavior holds a great important in marketing field because if look over the modern philosophy of marketing in that CUSTOMER is treated as the KING, his needs and wants are being studied for making any product, and above that its always been seen while looking for opportunities for a product development that which product is brought most and what are the factors that result in purchase of a product.

we can easy understand its importance if we look around our environment. consumer behavior is made up of two words consumer and behavior. consumer is the person who consume the product, he may or may not be a buyer and behavior means the aggregate of all the responses made by an organism in any situation. so consumer behavior means the aggregate of response made by the consumer. It make us know the reasons behind the purchase of a product, and about the various feelings of the customer that are being attached with the purchase of the product.

hence we can say that its very importance to study the behavior of your consumers whom you are going to serve through your product.

answerd by

anjali lakshcar

205206207
Market Research
Business Plans
Marketing Advertising and Sales

What is need uncertainty in the marketing channel?

The term need uncertainty refers to the doubts that sellers have regarding whether they actually understand their customers' needs. Usually neither sellers nor buyers understand exactly what is required to reach optimal levels of productivity.

207208209
Market Research

What are the disadvantages of marketing information system?

Marketing of products and services is entirely diffirent as it promotes the value preposition, giving it comptetitive leverage.

While marketing IS products, the major risk involved is that when the org promotes edge providing features, where the promotional activities are not target specific but mass, here the competitors get the insight, and they qucikly implement it. For IS industry technology developemnt or reverse engineering is easier, but the innovation lead and updation is challenging. For most of the softwares meant for public or private institution target marketing is carried out.

197198199
Management and Supervision
Market Research

What is SWOT analysis of the International Management Group?

Assuming you know what the IMG is (presumably there is some context to the question), then it's just a brainstorm of relevant pros and cons of it, using the following headings as a guide:

Strengths

Weaknesses

Opportunities

Threats

195196197

Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.