write short notes on the following in about 150words each c) Purpose of marketing Research
Answers
Answer:
It is because the bottom part is kept on fire which gives it a black colour.
The inner part also becomes black
sometime.
The outer part if cleaned thoroughly it won't be much black.
Explanation:
Purpose of Market ResearchMarket research, while often sophisticated in its design, is actually quite simple in its objective: to foster insight into market conditions so that companies can hopefully make better business decisions. Fundamentally, all companies want to reduce their risks and maximize their opportunities, either turning a profit or improving lives, depending on their overall business goal. Market research helps them hedge their bets as they work towards this goal. Here’s a quick overview detailing why market research exists:
The Purpose of Market Research is to Verify Market Need
Markets come in all shapes and sizes. To correctly position itself in any one industry, a company must understand who needs a product and why they need it. It must understand when and where people buy certain things and how they use them. The size and diversity of a consumer base will necessarily dictate the ways in which a company attempts to meet its demand.
..the end
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