Question

Place the steps of the marketing research approach in the correct order. (Note: the first step should be the top item on your list and the last step should be at the bottom of your list) Instructions Choice 1 of 5. develop the research plan toggle button develop the research plan Choice 2 of 5. collect relevant information toggle button collect relevant information Choice 3 of 5. develop findings toggle button develop findings Choice 4 of 5. take marketing actions toggle button take marketing actions Choice 5 of 5. define the problem toggle button define the problem

Answer 1

Answer:

Choice 5 of 5. Define the problem

Choice 1 of 5. Develop a research plan

Choice 2 of 5. Collect relevant information

Choice 3 of 5. Develop findings

Choice 4 of 5. Take marketing actions

Explanation:

The steps of the marketing research approach includes

Step 1: Defining the problem

Step 2: Construction of the ideologies from which the problem is approached

Step 3: Formulation of research designs through which data and information are collected

Step 4: The collection and analysis

Step 5: Presentation of report and take marketing action

Therefore, the correct order from the given options are;

Choice 5 of 5. Define the problem

At this stage, the problem that is the basis for the research is clearly defined, including the background information, the purpose of the research,  and the information that could be useful in decision making

Choice 1 of 5. Develop a research plan

The blueprint or outline of how the research is to be conducted

Choice 2 of 5. Collect relevant information

The fieldwork in collection of data from the listed sources in the research blueprint

Choice 3 of 5. Develop findings

The findings are analyzed to derive the actionable research results

Choice 4 of 5. Take marketing actions

The implementation of the made decision