Market research is important for understanding customers and their needs. It involves new product research through questionnaires and surveys to identify what customers want at an acceptable price point. The findings from market research can help inform marketing strategy and product development to maximize sales by presenting information on the best ways to display and promote a product.
Market research is important for understanding customers and their needs. It involves new product research through questionnaires and surveys to identify what customers want at an acceptable price point. The findings from market research can help inform marketing strategy and product development to maximize sales by presenting information on the best ways to display and promote a product.
Market research is important for understanding customers and their needs. It involves new product research through questionnaires and surveys to identify what customers want at an acceptable price point. The findings from market research can help inform marketing strategy and product development to maximize sales by presenting information on the best ways to display and promote a product.
New Product Research • Product research lets you understand what customers really want. • Product research can help you identify key issues and avoid expensive mistakes. • The findings can help present information on the best ways to display and promote a product to maximise sales. Questionnaires & surveys
• How many potential
customers there are in the local area. • Whether they would find such a product or service useful. • What Price range they would be willing to pay for it. • The key is to ask the right people the right questions. • Ask enough people to get meaningful results.