Importance of market research


Importance of market research in business new startup and exiting business.



1. Determining market needs

2.Formulating market strategies

3.Target dissatisfied customers

4.Identifies potential customers

5.Lower business risks

6.Identify opportunity

7.Competitor analysis

8.market research finds new opportunities.

9.Market research forecasts future trends.

10.Helps set realistic goals

11.Staying ahead of the competition

12.Identify new customers

13.Improving product development and positioning

14.Establishes product or service viability.

15.Improving selling activities

16.Primary market research

17.Helps analyze competition

18.Industry analysis

https://rushimarketresearch.in/


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