Market Research (Noun)
Meaning
Research that gathers and analyzes information about the moving of good or services from producer to consumer.
Classification
Nouns denoting acts or actions.
Examples
- Market research showed that there was a significant demand for the new product, and the company decided to move forward with production.
- The market research report identified the key trends and insights that would shape the company's marketing strategy.
- As a marketing professional, her main job responsibility was to conduct market research to identify potential customers and analyze their needs.
- To determine the viability of a new product launch, the company hired a firm to conduct extensive market research and gather feedback from potential customers.
- By conducting thorough market research, businesses can make informed decisions about their pricing strategies, product offerings, and promotional activities.