Question

What would you tell your team are the three most important concepts to keep in mind while completing a marketing research project, and why are they important

Answer 1

1. Product Fit

2. Customer Acquisition cost

3. Customer Service and Support.

Step-by-step explanation:

The three most important concepts to keep in mind while completing a marketing research project are

1. Product Fit: this is the analysis of how well the product to be produced will satisfy the market.

2. Customer Acquisition cost: this is the analysis to determine the expected cost of enticing a new consumer or customer to the products or services to be produced.

3. Customer Service and Suppor: this is the analysis to ensure that the firm can finance the ensuing growth from its marketing enterprises.