Section 2
The Market Research Process
Book
Version 3
By Boundless
By Boundless
Boundless Marketing
Marketing
by Boundless
5 concepts
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Defining Objectives and Formulating Problems
Defining the problem and research objectives is the first step involved in the marketing research process.
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Plan the Research Design
The research design is a framework or blueprint for conducting the marketing research project.
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Collecting Data
Data collection is a crucial step in the research process because it enables the generation of insights that will influence the marketing strategy.
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Analyzing Data
Data Analysis is an important step in the Marketing Research process where data is organized, reviewed, verified, and interpreted.
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Developing Insights and an Action Plan
A successful presentation provides conclusions (based on the insights gathered) that effectively meet the objectives of the research.