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Business Report part 2
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- Words:
- 614
- Submitted:
- Mon Jan 22 2007
... Task 2 Market research part one Market research involves Finding out information about the people to whom you intend to sell your product/service. This may take the form of primary data or secondary data. If you are intending to sell to an untried market, this type of research is essential to see if you have a chance of success. Market research is getting information about consumers by studying statistics and reports and gathering new data by surveys of individuals or groups. Market research gathers information about consumers, competitors and distributors within a firm's target market .it is a way of identifying consumers buying habits and attitudes to current and future products market research data can be numerical or psychological. Market research is useful because it gives clear and relevant information which is needed. Additionally market research will help you to find out the answer to question. Mainly you would find out and understand
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