Page 153 - E1 Integrated Workbook STUDENT 2018
P. 153

The market planning process and the marketing mix





                           Market research





                               Market research is the way in which organisations find out what
                               their customers and potential customers need, want and care about.





                                                  Data gathering
                                                    techniques







                   Primary research                                  Secondary research
                                                                     Data that is already available.
                   Collected for the specific
                   purpose of the research in                        For example, market research
                   question.  For example, focus                     agency data, Companies'
                                                                     Annual Reports and Accounts,
                   groups, observation, interviews,
                   experimentation.                                  trade and technical journals.





                  Illustrations and further practice


                  Now try TYU 2 from Chapter 11.






















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