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Old 28th July 2017, 05:15 AM   #11
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Join Date: Feb 2013
Location: Philippines
Posts: 148

"Market research is important to your business because:
-It will help you in identifying your potential customers and understanding your existing ones
-Identifying problem and opportunities in the market
-Formulating market strategies
-For sales forecasting
-Managerial decision-making
-To identify new business opportunities"

Doing business in the Philippines CORRECTLY
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Old 4th August 2017, 01:28 AM   #12

Join Date: May 2017
Location: Pune, India
Posts: 42


Market research is very much important for business as it lets you recognize the best point of business by examining the industry, customer, consumer behavior, entrants, and the environment or market.

YRC is a Management Consulting Company, especially for the B-C Sector.
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Old 23rd March 2018, 07:39 AM   #13

Join Date: May 2015
Posts: 56

The importance of market research can be best perceived by understanding the various factors that impact your business.Understanding your customers and the current market conditions is essential for running a successful small or big business.

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