_________ involves analyzing market data and consumer behavior to identify upcoming industry trends.
- Financial Analysis
- Market Research
- Product Development
- Strategic Planning
Market research involves the systematic gathering and analysis of market data and consumer behavior to understand current market conditions and predict future trends. It helps businesses identify opportunities and threats in the market, enabling them to make informed decisions about their products, services, and strategies. By analyzing market data and consumer behavior, businesses can identify emerging industry trends and adjust their strategies accordingly to stay competitive and meet the changing needs and preferences of their target audience.
Loading...
Related Quiz
- Compliance with regulatory standards can help companies build __________ and trust among stakeholders.
- How does the Agile methodology differ from the Waterfall model in terms of project execution?
- What are some common types of testing performed during quality assurance processes?
- What is the significance of assertiveness in effective communication?
- What does the term "syntax error" refer to in programming?