Which of the following are useful for conducting market research?

Some latest institution question and answer inquired students to tell what they believe is the most important important thing for a student to do in order to become success. Of the many responses, the one that that stood out was practice. People who usually are successful do not become successful by being born. They work hard and persistence their lives to succeeding. If you would like to achieve your goals, keep this in mind! down below some question and answer examples that you can certainly benefit from to supercharge your knowledge and gain insight that will guide you to maintain your school studies.

Question:

Which of the following are useful for conducting market research?O
A. Budget spreadsheets
O B. Focus groups
O C. Cost-benefit analysis
O D. Reference books

Answer:

The focus group is useful for conducting market research.

Market research refers to the gathering of information and evaluation of the target market. Market research is a vital aspect of a business as the organization can get valuable information from the consumers which will be used in the manufacturing of products that are beneficial to the consumers and products that the consumers are satisfied with.

It should be noted that the focus group is essential when conducting the market research. The focus group simply means a small group of people who responds to a survey or discuss about a particular product with the manufacturers.

Therefore, the focus group is useful for conducting market research. The correct option is B.

They could actually hopefully help the student deal with the question by working with the questions and answer examples. Then may have some sharing in a group discussion and also study with the classmate concerning the topic, so another student also have some enlightenment and still keeps up the school learning.

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