Respond to the following in a minimum of 175 words: · Why is marketing research important to the development of a marketing strategy?Provide a specific example. ***** This is just a weekly discussion...

Q. Why is marketing research important to the development of a marketing strategy? Provide a specific example.
A. Market research is crucial if a you are launching a new product into the market, or if you are trying to improve an existing business/service. A good market research provides data which when analysed properly shall provide you with all information needed to make a better business decision such as identification of target customers, market communication, market...