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Market Research

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Markets

Part of the book series: In Business Now

  • 21 Accesses

Abstract

Market research is the main tool in modern business. Its principal purposes are to collect information about:

  1. (a)

    the market itself, such as its total size, ie both the number of units produced and their value

  2. (b)

    the consumers in the market, such as their habits and attitudes, so that the product will satisfy their wants and needs.

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© 1990 Renée Huggett

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Huggett, R. (1990). Market Research. In: Markets. In Business Now. Palgrave, London. https://doi.org/10.1007/978-1-349-11600-3_16

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