Market research
Market research is the process of systematic gathering, recording and analyzing of data about customers, competitors and the market. Market research can help create a business plan, launch a new product or service, fine tune existing products and services, expand into new markets etc. It can be found out what market characteristics your target market has. With market research, companies and consumers can learn more about value.
The purpose of market research is to help people make better business decisions.
Some questions that Market Research may answer:
What's happening in the market? What are the trends? Who are the competitors?
With house market research you can get a sense of trading at the best values, avoiding going under or over prices and see how the community perceives value for specific locations.
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This page was last modified 10:29, 23 February 2007.