Question

marketing research enables firms to

Answer 1

Research is a careful and detailed investigation into a particular issue, concern, or issue utilizing the logical strategy. This is usually verified by doing a lot of comparisons and doing tests in order to make sure that the results are valid. And finding the answers to the questions by doing research on various things.

A research study is a logical approach to enhance or grow new strategies for human services. Research studies are imperative since they add to the information and advance on diseases and disarranges. Research is the fastest and most secure approach to discover the ideas or the ways that work.

It enables firms to keep a track of all the competitors and make or update their products accordingly so that they don't lack behind. they can price their products near to them or maybe lower than them in order to have a perfect competition.

Answer 2

"Marketing research enables firms to:

• Take critical decision related to the business. If the status of the market is known then only firm can come up with the most important decisions while thinking about the development of the firm.
• Obtain finance form the investors. If the firm has clear view about the market then only they can explain their principles and profit plan to the investors and may get finance from them.
• Locating new opportunities for business."