https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0 en-us 2022-04-18 18:54:43 UTC 2022-04-19 08:03:09 UTC hello@padlet.com https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148211213 Market research is what companies do to gather information about what the consumers want and how they could make goods/services to align with their customer's needs

Companies can either shape their products to customers' needs or make a product based on the demand]]> 2022-04-19 07:54:12 UTC https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148211213 https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148211465 to understand the market the company will cater to and understand the needs and wants of the consumers to ensure effective sales and a desirable product]]> 2022-04-19 07:54:26 UTC https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148211465 https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148211529 Market research is the process of actively interviewing potential customers to determine the viability of a new service or product. Market research enables a business to identify its target market and obtain comments and other input from customers about their interest in a product or service.]]> 2022-04-19 07:54:29 UTC https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148211529 https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148211670 What is market research?
Process of collecting analyzing data related to a particular market
Purpose
to identify needs and wants of the consumers
to create and promote products that satisfies these needs and wants]]> 2022-04-19 07:54:37 UTC https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148211670 https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148212068 Market research allows companies to gain feedback from their end-users, the consumers and gain data which may be useful for other purposes. Also to see what are the current trends in the market and what is it that people want, so as to try and satisfy that want and gain more traction.]]> 2022-04-19 07:55:00 UTC https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148212068 https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148212149 Market research is done to get to know more about target markets and customers and to know more about them. Helps make important business decisions concerning the product, determining new business opportunities, etc.]]> 2022-04-19 07:55:05 UTC https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148212149 https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148212465 There purpose of market research is to end up producing goods which appeal to the populace and make sure that your product isn't getting left behind your competitors products. This way corporations end up making goods that satiate the customers' needs and demands.]]> 2022-04-19 07:55:21 UTC https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148212465 https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148212491 It is an effort to get information about customers . It helps establish the position of the company in the market and also upgrade and better their products according to the needs of the customer 

]]> 2022-04-19 07:55:23 UTC https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148212491 jaigtemp_mhs1 https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148212533 Looking into the customer base and identifying their needs to find a viable product or service to base the company on, as well as studying competitors to identify weaknesses and potential strategies. ]]> 2022-04-19 07:55:24 UTC https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148212533 https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148212615 To actively engage with the customers under a certain industry to ensure that the customers are satisfied by providing what they need. ]]> 2022-04-19 07:55:30 UTC https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148212615 https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148212633 The purpose of a market research:
helps in making important business decisions. Securing investments and funding. Determining new business opportunities
also helps in avoiding business failures]]> 2022-04-19 07:55:30 UTC https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148212633 https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148213336 the purpose of market research is to look at a market of a certain good or service and see how to audience/ consumers receive  it (their wants or needs)]]> 2022-04-19 07:56:07 UTC https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148213336 https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148213436 Market research is the information which firms collect to produce the best results for their products to help in appealing to consumers.]]> 2022-04-19 07:56:14 UTC https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148213436 saamir_syed13 https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148213569 Market research is to find out what the consumers require the least and the most in daily lives, the products which are highly in demand and can satisfy the needs and the wants of the consumers.]]> 2022-04-19 07:56:18 UTC https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148213569 https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148213610 Research done to gather data on the market.
Purpose:  
- Customer's wants/needs
- Ensure effective sales
- Securing investments]]> 2022-04-19 07:56:21 UTC https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148213610 https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148213646 Market Research is information that is gathered that can help determine the viability of a certain product.
it allows businesses to better understand and analyse the wants and needs of it's potential customer, to enable them to provide a better product and user experience.
It allows the company to make better well informed decisions and help avoid potential business failures

]]> 2022-04-19 07:56:24 UTC https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148213646 alekan1412 https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148213817 Market research is the process of collecting data of a particular industry so that the business can identify the needs and wants of the consumers of that industry. This will help the business in marketing and its other processes]]> 2022-04-19 07:56:33 UTC https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148213817 https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148213907 the purpose of market research to know the different types of products and find one in particular that satisfies my needs and wants. to know information about the differences. to see what different companies in a particular market to give their product the edge over others ]]> 2022-04-19 07:56:39 UTC https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148213907 https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148213953 Market research is basically a way for the company to figure out what the customer demands, so they can better their product/service. This allows the company to match with the wants and needs of the market.]]> 2022-04-19 07:56:41 UTC https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148213953 rxdxkhxn https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148214065 the purpose of market research is to 
-interview potential customers 
-gather info about consumer needs
-helps make important business decisions related to the product
-helps get feedback of the product for improvement]]> 2022-04-19 07:56:49 UTC https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148214065 https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148214200 Some of the purposes of market research would be 
1) Gather information for particular product and send these over to the companies who have made the product. The information may include feedback about their product.
2) target market and customers 
demand for the product]]> 2022-04-19 07:56:58 UTC https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148214200 imaanzoe https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148217750 Market research is to collect information about target markets and customers.  it helps get feedback on the product for the improvement ]]> 2022-04-19 07:59:44 UTC https://padlet.com/sunnandam2/3kdgfzmqivwg7lt0/wish/2148217750