Professional Documents
Culture Documents
QUANTITATIVE QUALITATIVE
SYNTHESIS
1. What are the important characteristics or features of research? Create an acronym that can easily let
you recall these characteristics.
2. What do you think is the purpose of many industries and/or companies in conducting research?
The purpose of market research is to provide businesses with the information they require to
improve decision making. It can assist a company in determining its market position, evaluating
its product, defining its target audience, conducting a competitive analysis and many more. It is
essential for small businesses to conduct a research to determine the feasibility of a new business
idea, entering a new market, or launching a new product or service.