Market Research §

Group: 5 #group-5

Relations §

• Marketing: Market research involves gathering and analyzing data about target markets, consumer behavior, and industry trends to inform marketing strategies.
• Access to New Markets: Conducting thorough market research is crucial for understanding the potential and challenges of new markets.
• Product Development: Market research helps understand customer needs and market trends, informing product development.
• User Research: Market research and user research often go hand-in-hand, as understanding the target market and users is crucial for developing successful products and services.
• Time-to-Market: Effective market research can help identify opportunities and inform product development strategies, potentially reducing Time-to-Market.