2006-12-23 09:33:18 · 6 answers · asked by Ahmed m 1 in Education & Reference ➔ Higher Education (University +)
'mr. right' is, in essence, right! you conduct market research for a few reasons:
identify a new product/service for an existing market
identify a new market for an existing product/service
create a new market or improve on a product/service
market research allows the consumers' needs and wants to be collected and turned into real data that companies can use. market research can tell you anything from how many millions of bottles of pepsi are sold each year to which color M&M is the most popular.
2006-12-23 09:39:23 · answer #1 · answered by morequestions 5 · 0⤊ 0⤋
Don't you think companies want to know if their marketing is effective? The only way to find out is through market research.
2006-12-23 09:35:13 · answer #2 · answered by Ranto 7 · 1⤊ 0⤋
It provides companies with information on how to better serve their clients.
2006-12-23 09:37:52 · answer #3 · answered by Justin 1 · 0⤊ 0⤋
It lets compaines know what their customers want in a product.
2006-12-23 09:35:32 · answer #4 · answered by Monte T 6 · 0⤊ 0⤋
So you don't waste time trying to sell ice to eskimo's !
2006-12-23 09:35:19 · answer #5 · answered by Mr. Right 4 · 1⤊ 0⤋
bottom line...to see what SELLS ! billions are on the line !!
2006-12-23 09:36:51 · answer #6 · answered by Anonymous · 0⤊ 0⤋