Appropriate market research

Question 1

What is sufficient research?

Answer 1

Sufficient research means gathering enough information to support conclusions or decisions effectively, ensuring thoroughness and reliability.

Question 2

What is focused research?

Answer 2

Focused research is the process of gathering information on a specific topic or question, targeting relevant data to meet particular goals.

Question 3

What is selecting and extracting data?

Answer 3

Selecting and extracting data involves choosing relevant information from sources and pulling it out for analysis or use in research.

Question 4

What is the importance of market research?

Answer 4

Market research is important because it helps businesses understand customer needs, identify trends, and make informed decisions to improve products and services.

Question 5

What are sampling and sample size?

Answer 5

Sampling is the process of choosing a group from a larger population to study, while sample size is the number of individuals included in that group.