What are the four steps involved in conducting market research?

What will be an ideal response?


1. Define the marketing need or opportunity
2. Collect the relevant data
3. Analyze and interpret the data
4. Act on conclusions

Business

You might also like to view...

The vision statement is ______.

A. a description of an ideal future B. a written document that summarizes fund-raising goals C. no longer considered necessary for strategic planning D. how the chief executive officer envisions subordinates should act

Business

A group of people who responds to end users' questions is called a(n) ____.

Fill in the blank(s) with the appropriate word(s).

Business

When estimating the cost of a contract proposal, which of the following is not likely to be an important consideration?

A. Future staffing levels B. Employee seniority C. Opinions of union members D. Labor market trends

Business

Sally prepared financial statements for MegaCorp knowing that the company would be using her statements when applying for a loan at Big Bank. It is discovered she was negligent in preparing the statements and Big Bank sued her. Sally is liable under the

a. Ultramares doctrine. b. foreseeable doctrine. c. Restatement doctrine. d. All the above.

Business