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Thread: What is Market Research?

  1. 07-16-2013, 09:27 AM #1
    akon322 is offline Junior Member BizHat Newbie
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    Default What is Market Research?

    Based on market research data, businesses can develop a "target audience," which is a specific group of customers that has a distinct need or desire for a product or service. The research is used to determine how often the target audience will buy a particular item, how much they are willing to pay for it, and their overall satisfaction with it. By analyzing this information, manufacturers and service providers learn where to focus their resources most effectively.
    Last edited by sherlyk; 07-16-2013 at 03:16 PM.
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  2. 07-17-2013, 05:00 AM #2
    Brendon77 is offline Junior Member BizHat Newbie
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    You should try target markets, whose related with your product, then you target audience will buy particular items.
    Last edited by Brendon77; 12-08-2014 at 06:32 AM.
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