Question

Which of the following currently
uses marketing research?

Select one:
a. All of the above
b. Religious Organizations
c. Retail Companies
d. Political Institutions
e. Not-for-profit institutions​

Answer 1

Answer:

all of the above

Explanation:

answer is correct

Answer 2

Retail companies use marketing research. (Option C)

• Market research is an important tool that may help you make decisions about price, marketing, and location. Recognizing the place of your products or services in your target market increases the number of products and services you provide and broadens your product and service offerings.
• Businesses utilize market research to determine the viability of a new product or service by speaking directly with a potential customer. Companies may utilize market research to establish their target market and gain real-time feedback from customers.
• There are three types of objectives that may be employed in marketing research: exploratory research, descriptive research, and causal research.
• In this question, only retail companies use marketing research to maximize their sales and profit.
• Other options are institutions or organizations which work not for profit. They work for some social benefit. Thus, they do not require to use marketing research.