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Marketing revolves around targeted audience and market, with market research dealing in gathering information about potential customers. It is an important component of the market and is needed to create a business strategy. Hence it is of great importance to students of marketing, who often face difficulties understanding the intricacies of the topic. Myhomeworkhelp.com offers Market Research Assignment Answers to students and assists them in gaining the knowledge to prepare any project.
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Methods of Research
- Intensive Market Research –
This is an in-depth study where an individual’s choices and preference are given importance.
- Extensive Market Research –
This type of research covers vast geographical areas, examining individuals in a huge demographic region.
Types of Market Research Techniques
- Primary Research –
It is the process of conducting a study of target market by an organization to collect data necessary for the firm. Primary information is obtained by group survey, direct surveys, observations, etc.
- Secondary Research –
It is the study and analysis of research done by other parties like a government agency and educational institute.
Essential Steps of Market Research Homework Answers We Provide
- Outlining the problems
- Setting an objective
- Framing research design
- Preparing tools for research
- Recording of data
- Investigating and framing conclusion
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