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Marketing - Market Research
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What does "market oriented" mean?
it means the business is focused on customers and understanding their needs and wants
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What does employee mean?
a person who works at your business
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What is market research?
A tool that involves primary research (giving out surveys, questionaries) and secondary research (online research)
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What is quantitative research?
research that collects and reports data in number form
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What is a "niche market"?
a subgroup of a market with specialized needs
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What is qualitative research?
open ended questions, observations, interviews and focus groups
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What does "target customer" mean?
a person who might buy your products or services
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What does "potential customers" mean?
people who may buy your products or services in the future
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