The systematic design, collection, analysis, and reporting of data relevant to a specific marketing situation facing an organization is called?

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TaiyoTheKid8697 TaiyoTheKid8697

02-08-2022
Business

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The systematic design, collection, analysis, and reporting of data relevant to a specific marketing situation facing an organization is called?

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Please help me understand this!

ahmadfardeen571 ahmadfardeen571 · Answer 1 · 2022-08-09T19:46:06+02:00

Marketing research is the systematic design, collection, analysis, and reporting of data and findings relevant to a specific marketing situation facing the company.

Market research is the system of figuring out the viability of a new product or service thru studies performed directly with capability customers. marketplace studies allows a enterprise to find out the target market and get evaluations and other comments from clients approximately their hobby in the product or service.

4 not unusual styles of market research techniques consist of surveys, interviews, recognition of businesses, and purchaser observation.

Interviews are a common form of primary marketplace studies that may be both in-intensity or as easy as asking a question. An instance of an interview in market research is while a enterprise calls a cutting-edge purchaser to invite how they may be enjoying a product they lately purchased.

Learn more about market research here: https://brainly.com/question/24448358

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