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In which situation will market research be considered incomplete?

Answer and explanation

Correct answer: When opinions are taken from only one type of customer

Market research should represent the relevant customer groups and examine needs, preferences, affordability, competition, and buying behaviour. Taking opinions from only one type of customer can create sampling bias and may hide the views of other segments. Asking about needs, studying competitors, and checking affordability are useful components, but research should combine them rather than rely on a narrow group.

Related tags

Market-ResearchSampling-BiasEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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