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What is Market Research?

While composing an income statement, an essential thing one has to keep in mind is that this report mentions the right period where there is a cash flow statement. This often joins the balance sheet. Market research is conducted to scrutinize the demands of the users in the market and to discover what are products that a user needs and what are products a customer has a liking or disliking towards. Therefore, market research is a tool to find out the likes and preferences of a consumer in the market.

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Different Types of Market Research Techniques for Assignment Writing

  •  Here are two different ways we can carry out the market research at the elementary level:
  •  Marketing information and market segmentation- This helps in market demand and supply situations.
  •  SWOT analysis- SWOT is the acronym used for strengths, weaknesses, opportunities, and threats that a business entity has. It helps in the evaluation of the competitors, products, and customer behavior.

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