Answered

Get the answers you need at Westonci.ca, where our expert community is always ready to help with accurate information. Explore thousands of questions and answers from a knowledgeable community of experts ready to help you find solutions. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

as it pertains to the marketing research process, what are the two key elements of defining the problem?

Sagot :

michell96

In the market research process, the two key elements to define the problem are: Identify possible marketing actions and establish the research objectives

Market research is a technique that is used to collect data on any aspect that you want to know and then be able to interpret it and in the end, make use of it for correct decision-making.

When we have a product on the market and we want to investigate it, we must establish a research objective to direct all our actions to achieve that objective as shown in the following example:

If we have a product and we see problems in its sale, the most appropriate thing would be to carry out a market investigation in which we can identify the origin of the problem (why my product is not sold - objective)

After doing the research we will find variables that will tell us why my product is not being sold, for example:

  • Little publicity
  • High value
  • Unpleasant picture
  • Offers few benefits to the buyer

Once we know what the problem is, we must establish marketing actions to solve the problem of the few sales of my product. For example:

  • Lower the price
  • Change your image to a more pleasant one
  • Do more publicity
  • Improve your formula to offer greater benefits

According to the above, the two key elements of market research are Identifying possible marketing actions and establishing the research objectives

Learn more in: https://brainly.com/question/14711174

Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.