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In the marketing research process last step is to define the problem followed by:
- a)Collection of data
- b)Develop recommendation
- c)Develop the research design
- d)Implement plan
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
In the marketing research process last step is to define the problem f...
Defining the Problem in Marketing Research
Marketing research is a process that involves collecting and analyzing data to help businesses make informed decisions about their products, services, and strategies. The last step in this process is to define the problem.
What is Defining the Problem?
Defining the problem is the process of identifying and clarifying the research problem. This step is important because it helps to ensure that the research will be focused and relevant to the business's needs.
Why is Defining the Problem Important?
Defining the problem is important because it helps to:
- Identify the research question or objective
- Determine the scope of the research
- Identify the target population
- Select the appropriate research methodology
- Determine the data collection methods
- Develop a research plan
- Ensure that the research is relevant and useful to the business
What Happens After Defining the Problem?
Once the problem has been defined, the next step is to collect data. This involves gathering information from a variety of sources, including primary and secondary data sources.
After the data has been collected, the research team will analyze the data to identify patterns and trends. Based on this analysis, they will develop recommendations for the business.
Finally, the research team will develop a research design that outlines the steps that will be taken to implement the research plan. This will include details on the data collection methods, the sample size, and the data analysis techniques that will be used.
Once the research design has been developed, the team will implement the plan, collecting data and analyzing it to develop recommendations for the business.
Conclusion
Defining the problem is a critical step in the marketing research process. It helps to ensure that the research is focused, relevant, and useful to the business. After defining the problem, the team will collect data, develop recommendations, and implement the research plan. By following this process, businesses can make informed decisions that will help them to achieve their goals and objectives.
Marketing research is a process that involves collecting and analyzing data to help businesses make informed decisions about their products, services, and strategies. The last step in this process is to define the problem.
What is Defining the Problem?
Defining the problem is the process of identifying and clarifying the research problem. This step is important because it helps to ensure that the research will be focused and relevant to the business's needs.
Why is Defining the Problem Important?
Defining the problem is important because it helps to:
- Identify the research question or objective
- Determine the scope of the research
- Identify the target population
- Select the appropriate research methodology
- Determine the data collection methods
- Develop a research plan
- Ensure that the research is relevant and useful to the business
What Happens After Defining the Problem?
Once the problem has been defined, the next step is to collect data. This involves gathering information from a variety of sources, including primary and secondary data sources.
After the data has been collected, the research team will analyze the data to identify patterns and trends. Based on this analysis, they will develop recommendations for the business.
Finally, the research team will develop a research design that outlines the steps that will be taken to implement the research plan. This will include details on the data collection methods, the sample size, and the data analysis techniques that will be used.
Once the research design has been developed, the team will implement the plan, collecting data and analyzing it to develop recommendations for the business.
Conclusion
Defining the problem is a critical step in the marketing research process. It helps to ensure that the research is focused, relevant, and useful to the business. After defining the problem, the team will collect data, develop recommendations, and implement the research plan. By following this process, businesses can make informed decisions that will help them to achieve their goals and objectives.
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Community Answer
In the marketing research process last step is to define the problem f...
There are 7 steps involved in Marketing Research process and they are as follows-
1. Identification and defining the problem
2. Statement of Research objectives
3. Planning the research design or designing the research study
4. Planning the sample
5. Data collection
6. Data processing and analysis
7. Formulating conclusion, preparing and presenting the report.
1. Identification and defining the problem
2. Statement of Research objectives
3. Planning the research design or designing the research study
4. Planning the sample
5. Data collection
6. Data processing and analysis
7. Formulating conclusion, preparing and presenting the report.
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In the marketing research process last step is to define the problem followed by:a)Collection of datab)Develop recommendationc)Develop the research designd)Implement planCorrect answer is option 'A'. Can you explain this answer?
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In the marketing research process last step is to define the problem followed by:a)Collection of datab)Develop recommendationc)Develop the research designd)Implement planCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about In the marketing research process last step is to define the problem followed by:a)Collection of datab)Develop recommendationc)Develop the research designd)Implement planCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the marketing research process last step is to define the problem followed by:a)Collection of datab)Develop recommendationc)Develop the research designd)Implement planCorrect answer is option 'A'. Can you explain this answer?.
In the marketing research process last step is to define the problem followed by:a)Collection of datab)Develop recommendationc)Develop the research designd)Implement planCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about In the marketing research process last step is to define the problem followed by:a)Collection of datab)Develop recommendationc)Develop the research designd)Implement planCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the marketing research process last step is to define the problem followed by:a)Collection of datab)Develop recommendationc)Develop the research designd)Implement planCorrect answer is option 'A'. Can you explain this answer?.
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