Understanding the Different Types of Market Research

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Understanding the Different Types of Market Research

nexusexpert

Market research comes in several types, each serving a unique purpose. Types of Primary research collects firsthand data through surveys, interviews, or focus groups, while secondary research analyzes existing reports, articles, and industry data. Other types include qualitative research to understand customer behavior and quantitative research for statistical insights. Businesses often combine these approaches to make informed decisions, understand their audience, and stay ahead of competitors in a rapidly changing market