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Inessa05 [86]
1 year ago
14

Before conducting marketing research, it is important to establish in advance exactly what problem needs to be solved. True or f

alse?.
Business
1 answer:
yarga [219]1 year ago
6 0

Before conducting marketing research, it is important to establish in advance exactly what problem needs to be solved.

This statement is true.

Market research is  also known as marketing research.

It is the process of determining the viability of any new service and product through which the research is conducted directly with the potential customers.

Market research also allows the company to discover the target markets and get the  opinions and other feedbacks from the consumers about their interest in the product and  service.

This type of research could also be conducted in-house, by the company itself or it can be by a third-party company which specializes in market research.

To know more about market research here:

brainly.com/question/18723483

#SPJ4

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4 0
4 years ago
During which step of the research process are you most likely to conduct interviews with witnesses?
soldier1979 [14.2K]

Answer:

A research process consisits of the following steps;

Step 1: Identify the Problem.

Step 2: Review the Literature.

Step 3: Clarify the Problem.

Step 4: Clearly Define Terms and Concepts.

Step 5: Define the Population.

Step 6: Develop the Instrumentation Plan.

Step 7: Collect Data.

Step 8: Analyze the Data.

According to the above steps, conducting interviews with witnesses would be step 7 : Collecting Data of the research process. Interviewing to gather information which can later be analyzed in order to reach to a comprehensive solution.

8 0
3 years ago
Being a first mover in a market is advantageous for a firm because: Group of answer choices it may have an opportunity to free r
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Answer:

Being a first mover in a market is advantageous for a firm because:

it may gain advantage through proprietary technology.

Explanation:

First mover advantage is a concept used to call the advantage a certain business has by starting to profit from an industry or sector before anyone else. It provides the advantage of experience and learning. Therefore, they gain advantage through proprietary technology by developing it to increase the efficiency of their resources.

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Answer:

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Explanation:

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3 years ago
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