The answer is:
(1) setting the research objectives
(2) identifying possible marketing actions
What is marketing research?
- Market research is the method of deciding the reasonability of a modern benefit or item through research conducted straightforwardly with potential clients.
- Market research permits a company to find the target advertise and get conclusions and other criticism from consumers about their intrigued within the item or service.
- This sort of research can be conducted in-house, by the company itself, or by a third-party company that specializes in advertise inquire about.
- It can be done through overviews, item testing, and center bunches.
- Test subjects are as a rule compensated with item tests or paid a small stipend for their time.
- Market inquire about could be a basic component within the inquire about and improvement (R&D) of a modern item or service.
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Have less information than used car sellers
Answer:
a. I will hire three new salespeople prior to our next product release.
Explanation:
Smart goals are specific, measurable, attainable, result oriented and time bound. When a new product is released, new sales person will help boost sales of the product. The sales person will inform customers about the new product features and specifications. The customers will be able to choose the product based on their preference.
Answer: Created by investors and traded on various exchanges
Explanation:
Call options are contracts that give the buyer the right to buy the underlying assets of the option on a particular date at a set price by exercising the option. American Call options can be exercised anytime before the date listed in the contract as well.
Call options are created by people who already own stock in the company i.e investors in IBM and traded on various exchanges such as the Chicago Board Options Exchange. It acts as a supplementary way to make income from stock if the investors do not believe that the stock price will go up thus enabling them to make income from the contract price.
Answer:
Data Quality Principle
Explanation:
Collected data is said to be relevant if it is a true representation of real world facts. If it is not then conclusions drawn from it will be incorrect.
Data should be complete, consistent, have integrity, and relevant for a specific use.
For example in marketing, a company uses names and contact information to promote their goods and services. The data needs to be correct and updated for it to be useful. Assume a customer has changed his address and phone number, and these were not updated. It will be difficult for the company to conduct business with him.
