Example of small business with a research problem and indicate how the problem may be addressed
Answers
Answer:
6 Small Business Problems Faced By Entrepreneurs
Lack Of Proper Marketing.
Getting And Retaining Customers.
Money Management.
Maintaining Online Presence.
Time Management.
Social Media Management Tools.
Answer:
Companies and other organizations use marketing research to manage the risks associated with offering new products and services. These organizations don't want to spend too much money developing a product line that research indicates will be unsuccessful. A well-designed and well-executed marketing study can go a long way towards identifying consumer tastes and demographic preferences to help with a product launch. However, several common types of problems occur with market research that can make it overly costly and produce results of questionable value for the organization