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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 the difference between market research and marketing research?Market research, marketing research, and marketing are a sequence of business activities; sometimes these are handled informally. The field of marketing research is much older than that of market research.
    What are the different types of market research?The main types of market research are primary research and secondary research. Primary research includes focus groups, polls, and surveys. Secondary research includes academic articles, infographics, and white papers. Qualitative research gives insights into how customers feel and think.
    What is the primary purpose of conducting market research?The primary purpose of conducting market research is to understand or examine the market associated with a particular product or service to decide how the audience will react to a product or service.
     
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