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Market Research Insights Flashcards | StudBud

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Market Research Insights

13 terms·StudBud Administration·10 plays

Explore the world of market research with questions covering its importance, methods, benefits, and common mistakes.

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Questions 13

Answers

1
What is a common mistake in market research?
Ignoring feedback
Analyzing data
Asking too many questions
Using visuals
2
True or false: Market research is optional.
True
False
3
When should you conduct market research?
Before launching
After launching
During holidays
Only once a year
4
How does market research help social media?
Creates trends
Increases followers
Improves engagement
Reduces costs
5
Which tool aids in market research?
Music app
Photo editor
Google Analytics
Video editor
6
Why is audience analysis important?
Wastes time
Increases costs
Limits creativity
Tailors content
7
Who benefits from market research?
Only startups
Only large companies
All businesses
Only marketers
8
What is a key benefit of market research?
Informed decisions
Less work
Random guesses
More confusion
9
What can market research reveal?
Celebrity gossip
Random facts
Weather patterns
Customer preferences
10
Where can you find market research data?
Online databases
Only in books
On TV
In magazines
11
What is market research used for?
Posting ads
Creating memes
Designing logos
Understanding customers
12
What is the first step in market research?
Hire influencers
Launch campaign
Create ads
Define objectives
13
Which method is common in market research?
Fashion shows
Surveys
Cooking classes
Concerts