Definition of «market research purposes»

The phrase "for market research purposes" refers to conducting surveys, collecting data or gathering information about a particular product, service or industry for the purpose of understanding consumer behavior and preferences. This information is then used by businesses to make informed decisions when it comes to developing new products, improving existing ones, setting prices, creating marketing campaigns, and identifying potential opportunities in the market. In short, "market research purposes" refers to any effort made to gather data that can help a company better understand their target audience and improve their business strategies.

Sentences with «market research purposes»

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