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  2. Dictionary

    mar·ket re·search
    [ˌmärkət ˈrēsərCH, ˌmärkət rəˈsərCH]
    noun
    market research (noun)
    1. the action or activity of gathering information about consumers' needs and preferences:
      "the company has just completed market research on a new type of organic toothpaste" · "a market-research company"
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  3. People also ask
    What is market research?Market research is defined as the systematic collection, analysis, and interpretation of data about a specific market, industry, or consumer segment. It involves studying customers, competitors, and market dynamics to identify opportunities, mitigate risks, and make informed business decisions.
    What is market research & why is it important?Market research is a process of gathering, analyzing, and interpreting information about a given market. It takes into account geographic, demographic, and psychographic data about past, current, and potential customers, as well as competitive analysis to evaluate the viability of a product offer.
    What is a market research process?This can include information gathered for the purpose of determining market segmentation. It also informs product differentiation, which is used to tailor advertising. A business engages in various tasks to complete the market research process. It gathers information based on the market sector being targeted by the product.
    What is marketing research?Deliver the best with our CX management software.WorkforceEmpower your work leaders, make informed decisions and drive employee engagement. Marketing research is defined as any technique or a set of practices that companies use to collect information to understand their target market better.
     
  4. Market research is the process of evaluating the viability of a new service or product through research conducted directly with potential customers. Market research allows a company to define its target market and get opinions and other feedback from consumers about their interest in a product or service.
    www.investopedia.com/terms/m/market-research.asp
    Market research is a way of getting an overview of consumers' wants, needs and beliefs. It can also involve discovering how they act. The research can be used to determine how a product could be marketed. Peter Drucker believed market research to be the quintessence of marketing.
    en.wikipedia.org/wiki/Market_research
    Market research refers to a business strategy wherein an organization analyzes the market trends, competition, and consumer preferences ahead of launching new products or services. It involves collecting and interpreting data during product development or marketing to help businesses make informed decisions.
    www.wallstreetmojo.com/market-research/
     
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    WEBJun 1, 2021 · Learn what market research is, why you need it, and how to do it for your business. This guide covers the basics of primary and secondary research, qualitative and quantitative research, and tips for …

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    • Bank of America®
      https://business.bofa.com/Market-Insights/Research

      Market and Financial Research | Weekly Market Recap Report