A market study investigates commercial perspectives before launching a new brand, product, or service. It aims to understand how customers and competitors may respond. Market studies help anticipate market viability, get to know the competition better, and improve marketing actions. Primary research includes exploratory and specific research using open-ended questions, focus groups, interviews, or questionnaires. Secondary research uses existing information from government, trade groups, polls, and other businesses.
A market study investigates commercial perspectives before launching a new brand, product, or service. It aims to understand how customers and competitors may respond. Market studies help anticipate market viability, get to know the competition better, and improve marketing actions. Primary research includes exploratory and specific research using open-ended questions, focus groups, interviews, or questionnaires. Secondary research uses existing information from government, trade groups, polls, and other businesses.
A market study investigates commercial perspectives before launching a new brand, product, or service. It aims to understand how customers and competitors may respond. Market studies help anticipate market viability, get to know the competition better, and improve marketing actions. Primary research includes exploratory and specific research using open-ended questions, focus groups, interviews, or questionnaires. Secondary research uses existing information from government, trade groups, polls, and other businesses.
A market study investigates commercial perspectives before launching a new brand, product, or service. It aims to understand how customers and competitors may respond. Market studies help anticipate market viability, get to know the competition better, and improve marketing actions. Primary research includes exploratory and specific research using open-ended questions, focus groups, interviews, or questionnaires. Secondary research uses existing information from government, trade groups, polls, and other businesses.
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MARKET
STUDIES
STUDENT : BANDA ASTUDILLOS, MARLY ESTELA
A market study is an investigation that is carried out in various industries to better understand the commercial perspectives before the launch of a brand, a product or a service, with the aim of trying to recognize the possible responses of customers and the competition towards them. ¿WHAT IS THE MARKET STUDY FOR?
ANTICIPATE THE VIABILITY OF THE MARKET.
KNOW THE COMPETITION BETTER. IMPROVE THE SCOPE OF MARKETING ACTIONS. Primary research generally falls into two categories: exploratory and specific research.
Exploratory research is less structured and functions via
open-ended questions. The questions may be posed in a PRIMARY MARKET focus group setting, telephone interviews, or questionnaires. RESEARCH It results in questions or issues that the company needs to address about a product that it has under development.
Specific research delves more deeply into the problems or
issues identified in exploratory research.
All market research is informed by the findings of
other researchers about the needs and wants of consumers. Today, much of this research can be found online. SECONDARY Secondary research can include population MARKET RESEARCH information from government census data, trade association research reports, polling results, and research from other businesses operating in the same market sector.