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Unit 3: Market Research Review Flashcards | StudBud
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Unit 3: Market Research Review
Unit 3: Market Research Review
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Flashcards
6 cards
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Practice quiz
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Questions
6
Answers
1
The action or activity of gathering information about consumers' needs and preferences
Research Analysis
Market research
Product Improvement
Competition
2
Review games like Quiz, Blooket, & Quizlet help me remember the notes taken in class each week.
False
True
3
How do we effectively collect data?
Secondary data
Research
Primary data
Ask customers questions
4
How many steps are in market research?
6
4
5
3
5
Businesses understand that having a good idea of consumers & competition can give you an advantage.
False
True
6
__________ Is a specific group of consumers at which a company aims its products and services
Market Research
Marketing Concepts
Target Market
Market Segmentation