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What's The Significance Of Research In Marketing?

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    Research is very important in the marketing. In marketing the companies use to market their products in order to sell them and to make familiar with the consumers with the products. However there is strong need for research in the marketing. Many companies use the research in marketing to discover the changing trends in the market, to measure the changing consumer behavior of the specific location. So research has become the need for the business due to the tough competition in the market. So many companies are doing different research for their product development, for increasing their sales volume.

    So there are different types of research which is carried by the marketing companies. The most common example is that the companies are doing research for finding out that how many visitors pay attention to the bill boards during the travel. So in this way the companies measure the number of the times the visitor pay attention during the travelling and how they get influence from that advertisement on the bill boards. Similarly many companies are doing their research on the consumer eating habits to check that how the consumer likes to eat in a specific environment. So the research is very important in the marketing.
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    N0pk4 

    answered 3 years ago

    I think research is significant in marketing simply to aid decision making. Before anything happens, the marketer needs to do environmental scanning. To do that, research is conducted. Then the marketer needs to do market segmentation, again research is required. Selecting the target market is a decision that is made based on the results of the research. The product is here, the marketer needs to know if the target market likes it or not= research, deciding on whether to cease production of that product or not= results of the research... I think I've made my point already.!
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    Senz

    Senz

    commented 2 years ago

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