CA Foundation Exam > CA Foundation Questions > All of the following except _________ are con...
Start Learning for Free
All of the following except _________ are considered to be correct statements about marketing research.
- a)It is a systematic search for information about customers' needs and how those needs differ.
- b)Marketing research is geared to uncover unmet consumer needs
- c)With market research, the chance product development will be able to create a product consumers want to buy increases
- d)Marketing research provides an inexpensive method for tracking consumer behavior
Correct answer is option 'C'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
All of the following except _________ are considered to be correct sta...
It can guide product design, price points, packaging design, promotions and service (i.e. all elements of the marketing mix). Some companies conduct market research in-house to answer these questions, but this can result in internal, political conflict, and can end up delaying the adoption of the new product.
Most Upvoted Answer
All of the following except _________ are considered to be correct sta...
Marketing research is a crucial tool for businesses to gather information about their customers, market trends, and competitors. It provides valuable insights that help businesses make informed decisions and develop effective marketing strategies. However, not all statements about marketing research are correct. Let's analyze each statement and identify the incorrect one:
a) It is a systematic search for information about customers' needs and how those needs differ.
This statement is correct. Marketing research involves a systematic and organized approach to gather information about customers' needs, preferences, and behaviors. It helps businesses understand their target audience and identify any variations in their needs and wants.
b) Marketing research is geared to uncover unmet consumer needs.
This statement is correct. One of the primary objectives of marketing research is to identify unmet consumer needs or gaps in the market. By understanding these unmet needs, businesses can develop products or services that cater to those needs and gain a competitive advantage.
c) With market research, the chance product development will be able to create a product consumers want to buy increases.
This statement is incorrect. Marketing research can increase the likelihood of developing a successful product that meets consumer needs, but it does not guarantee it. Market research provides valuable insights and data that inform product development decisions, but there are other factors involved, such as product quality, pricing, distribution, and promotion, that also contribute to consumer purchase decisions.
d) Marketing research provides an inexpensive method for tracking consumer behavior.
This statement is correct. Marketing research can provide businesses with cost-effective ways to track and monitor consumer behavior. Through various research techniques, such as surveys, focus groups, and online analytics, businesses can gather data on consumer preferences, buying patterns, satisfaction levels, and other relevant factors. This information helps businesses understand their customers better and make data-driven marketing decisions.
In conclusion, the correct statement out of the options provided is d) Marketing research provides an inexpensive method for tracking consumer behavior.
a) It is a systematic search for information about customers' needs and how those needs differ.
This statement is correct. Marketing research involves a systematic and organized approach to gather information about customers' needs, preferences, and behaviors. It helps businesses understand their target audience and identify any variations in their needs and wants.
b) Marketing research is geared to uncover unmet consumer needs.
This statement is correct. One of the primary objectives of marketing research is to identify unmet consumer needs or gaps in the market. By understanding these unmet needs, businesses can develop products or services that cater to those needs and gain a competitive advantage.
c) With market research, the chance product development will be able to create a product consumers want to buy increases.
This statement is incorrect. Marketing research can increase the likelihood of developing a successful product that meets consumer needs, but it does not guarantee it. Market research provides valuable insights and data that inform product development decisions, but there are other factors involved, such as product quality, pricing, distribution, and promotion, that also contribute to consumer purchase decisions.
d) Marketing research provides an inexpensive method for tracking consumer behavior.
This statement is correct. Marketing research can provide businesses with cost-effective ways to track and monitor consumer behavior. Through various research techniques, such as surveys, focus groups, and online analytics, businesses can gather data on consumer preferences, buying patterns, satisfaction levels, and other relevant factors. This information helps businesses understand their customers better and make data-driven marketing decisions.
In conclusion, the correct statement out of the options provided is d) Marketing research provides an inexpensive method for tracking consumer behavior.
Free Test
FREE
| Start Free Test |
Community Answer
All of the following except _________ are considered to be correct sta...
D
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
All of the following except _________ are considered to be correct statements about marketing research.a)It is a systematic search for information about customers' needs and how those needs differ.b)Marketing research is geared to uncover unmet consumer needsc)With market research, the chance product development will be able to create a product consumers want to buy increasesd)Marketing research provides an inexpensive method for tracking consumer behaviorCorrect answer is option 'C'. Can you explain this answer?
Question Description
All of the following except _________ are considered to be correct statements about marketing research.a)It is a systematic search for information about customers' needs and how those needs differ.b)Marketing research is geared to uncover unmet consumer needsc)With market research, the chance product development will be able to create a product consumers want to buy increasesd)Marketing research provides an inexpensive method for tracking consumer behaviorCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about All of the following except _________ are considered to be correct statements about marketing research.a)It is a systematic search for information about customers' needs and how those needs differ.b)Marketing research is geared to uncover unmet consumer needsc)With market research, the chance product development will be able to create a product consumers want to buy increasesd)Marketing research provides an inexpensive method for tracking consumer behaviorCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for All of the following except _________ are considered to be correct statements about marketing research.a)It is a systematic search for information about customers' needs and how those needs differ.b)Marketing research is geared to uncover unmet consumer needsc)With market research, the chance product development will be able to create a product consumers want to buy increasesd)Marketing research provides an inexpensive method for tracking consumer behaviorCorrect answer is option 'C'. Can you explain this answer?.
All of the following except _________ are considered to be correct statements about marketing research.a)It is a systematic search for information about customers' needs and how those needs differ.b)Marketing research is geared to uncover unmet consumer needsc)With market research, the chance product development will be able to create a product consumers want to buy increasesd)Marketing research provides an inexpensive method for tracking consumer behaviorCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about All of the following except _________ are considered to be correct statements about marketing research.a)It is a systematic search for information about customers' needs and how those needs differ.b)Marketing research is geared to uncover unmet consumer needsc)With market research, the chance product development will be able to create a product consumers want to buy increasesd)Marketing research provides an inexpensive method for tracking consumer behaviorCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for All of the following except _________ are considered to be correct statements about marketing research.a)It is a systematic search for information about customers' needs and how those needs differ.b)Marketing research is geared to uncover unmet consumer needsc)With market research, the chance product development will be able to create a product consumers want to buy increasesd)Marketing research provides an inexpensive method for tracking consumer behaviorCorrect answer is option 'C'. Can you explain this answer?.
Solutions for All of the following except _________ are considered to be correct statements about marketing research.a)It is a systematic search for information about customers' needs and how those needs differ.b)Marketing research is geared to uncover unmet consumer needsc)With market research, the chance product development will be able to create a product consumers want to buy increasesd)Marketing research provides an inexpensive method for tracking consumer behaviorCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of All of the following except _________ are considered to be correct statements about marketing research.a)It is a systematic search for information about customers' needs and how those needs differ.b)Marketing research is geared to uncover unmet consumer needsc)With market research, the chance product development will be able to create a product consumers want to buy increasesd)Marketing research provides an inexpensive method for tracking consumer behaviorCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
All of the following except _________ are considered to be correct statements about marketing research.a)It is a systematic search for information about customers' needs and how those needs differ.b)Marketing research is geared to uncover unmet consumer needsc)With market research, the chance product development will be able to create a product consumers want to buy increasesd)Marketing research provides an inexpensive method for tracking consumer behaviorCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for All of the following except _________ are considered to be correct statements about marketing research.a)It is a systematic search for information about customers' needs and how those needs differ.b)Marketing research is geared to uncover unmet consumer needsc)With market research, the chance product development will be able to create a product consumers want to buy increasesd)Marketing research provides an inexpensive method for tracking consumer behaviorCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of All of the following except _________ are considered to be correct statements about marketing research.a)It is a systematic search for information about customers' needs and how those needs differ.b)Marketing research is geared to uncover unmet consumer needsc)With market research, the chance product development will be able to create a product consumers want to buy increasesd)Marketing research provides an inexpensive method for tracking consumer behaviorCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice All of the following except _________ are considered to be correct statements about marketing research.a)It is a systematic search for information about customers' needs and how those needs differ.b)Marketing research is geared to uncover unmet consumer needsc)With market research, the chance product development will be able to create a product consumers want to buy increasesd)Marketing research provides an inexpensive method for tracking consumer behaviorCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup