Question

the real value of marketing research to the organization can best be measured by a. how much it costs. b. improvements in the ability to make decisions. c. its immediate impact on profits. d. the amount of time spent. e. the increase in sales volume or market share.

Answer 1

the real value of marketing research to the organization can best be measured by improvements in the ability to make decisions.

" Marketing research is the methodical and objective hunt for, and analysis of, information applicable to the identification and arrangement of any issue in the field of marketing."

The catchphrases in this description are; methodical , thing and analysis. Marketing research looks to set about its task in a methodical and objective fashion. This means that a detailed and precisely planned exploration plan is created in which each stage of the exploration is determined. Such a exploration plan is conceivably viewed as acceptable on the off chance that it determines the exploration issue in compact and exact terms, the information necessary to address the issue, the strategies to be employed in gathering the information and the logical procedures to be employed to decrypt it.

Maintaining neutrality in marketing research is essential assuming marketing operation is to have acceptable trust in its issues to be prepared to take dangerous choices grounded upon those issues. To this end, as far as conceivable, marketing experimenters use the logical fashion. The characteristics of the logical fashion are that it translates particular impulses, studies and conclusions into unambiguous suggestions( or enterprises). These are tried empirically. At the same time indispensable explanations of the event or marvels of interest are given equal consideration.

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