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Humi Kad English

Market research process

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  1. Market research process

  2. Market research process
  3. Problem Identification: Set out the problem accurately, so the right data can be found. Avoids unnecessary costs and time. " Why are our sales falling ?"

  4. Research Objectives : Must align with the problem, achievable and provide info. "Why are consumer complaints increasing? "

  5. Collect Data: First do secondary research ( from second hand sources, Google trends) , then do primary research ( Relates directly to the context of the business).

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Flowchart on Untitled, created by Humi Kad on 12/08/2021.
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