Importance of market survey

[Lyrrex]

Market survey?
Market survey is a strategy employed to analyse the preferences of consumers in a particular environment or region for a particular products goods or services.

Market survey is important because it opens doors to get customers feedback and also get to know are purchasing/spending power on a particular product or services.

 

[WhiteHouse]

Market surveys tells you what the market wants, when they wants it, who your clients are and where they are located. In starting a business, market survey needs to be done.

 

[Niftyyem]

Market survey is very important in setting up any business. It helps to know where your products are in high demand and it also helps in pricing your products and services to get an advantage over your competitors.

 

[Lagazine]

Market survey is a strategy employed to analyse the preferences of consumers in a particular environment or region for a particular products goods or services. Market survey is a great idea when it comes to a young business.

 

[ahmedo24]

This is the key to the success of both an existing and about to start business because it gives you the current status of people and the needs which will guide you with policy formulation's.

 

[Josemendez]

Market survey is very important especially in a business that has exsiting competitors . This helps to know what the market is lacking from the exsiting ones ,and include it in the new product.

 

[Lyrrex]

Market survey helps you to know the kind of products that has high demand and you can venture in that highly demanded products
It helps you to know about competition in a particular field too

Exactly. most Young and starting enterpreneurs just venture into a business without doing a proper market survey

Post automatically merged: Nov 26, 2020

Market survey is very important especially in a business that has exsiting competitors . This helps to know what the market is lacking from the exsiting ones ,and include it in the new product.

Yes just like the case of WhatsApp. Before WhatsApp was introduced, 2go was already popular but what'sapp was launched with better features which attracted people to it.

 

[Nurudeen]

Market survey is very essential to the growth of any business. With this kind of survey, you'll know what your customers are looking for and what is in high demand in the market

 

[James]

Market survey is most important in corporate world as it will give them insight data from customers and they spend money on their planning to implement customers demands and choice.

 

[kharvest19]

Market survey will give you forecast ahead of how productive a products or business can be

 

[Golden_ear]

Market survey is a strategy used by business owners to know the state of their business if the business is doing well in a particular place.
It is also used to know the taste of customers if probably they like the business or want improvement.

 

[greenie]

Market surveys tells you what the market wants, when they wants it, who your clients are and where they are located. In starting a business, market survey needs to be done.

I agree with the whitehouse, and with a market survey you do an analysis of your business and how productive it is.

 

[WhiteHouse]

I agree with the whitehouse, and with a market survey you do an analysis of your business and how productive it is.

Absolutely, you'll be able to see the market behaviour to the acceptance of your products..

 

[Nomad]

A market survey is very important to understand your consumer behavior as well as analyze your competitors. However, most of the time this option is available only to big businesses. Small businesses will have to rely on market survey carried by other companies and use someone else's data to make decision fot their company.