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Wednesday, 12 February 2014

What Is the Best Type of Marketing Research?

According to American Marketing Association, “Marketing research is defined as the function which links customer, consumer, publics to marketer through information; Information used to identify opportunities and problems, generate, refine and evaluate marketing actions, measures marketing performance and improve understanding of marketing as a process.”

Many market researchers have their favorite research approaches or techniques, although different researchers often have different preferences. Some researchers maintain that the only way to really learn about consumers or brands is through in depth, qualitative research others contented that the only legitimate and sensible form of marketing uses quantitative research.

Every research is correct and important. Any one can use the any one type of research as per the situation demanded. As Exploratory research design is used when researchers didn't know much about the topic and literature was also not available. In this type of research has no time constraint. The same topic can be done by using Descriptive type of research in which researcher objective is just to know the answer of “ What”, “Where”, “When”, “Whom”. It can be done by using causal research too if researcher intention is to get the answer of “Why”.
Therefore none of the research is bad, it’s simply depends on the researcher objectives and hypothesis.


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