Market Research and Consumer Insights
Market Research and Consumer Insights is the systematic process of gathering, analyzing, and interpreting information about a target market, including its consumers, competitors, and overall industry trends. The ultimate goal is to move beyond raw data to uncover deep, actionable understandings—or "insights"—into consumer needs, motivations, and behaviors. By leveraging these insights, organizations can reduce risk, make more informed strategic decisions, and develop products, services, and marketing campaigns that are more precisely tailored to and resonant with their intended audience.
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2. The Market Research Process