Market Research

B2 16+
  • Frequency of Use
    75 %
  • Retention Rate
    60 %
  • Complexity
    50 %
  • Market Research Meanings

    noun a noun is a word that represents a person, place, thing, or idea. In this case, 'research' is a noun because it refers to the systematic investigation into a subject in order to discover facts, establish a theory, or reach a conclusion.

    Fields related to market research

    Business

    In the business world, market research is used to make informed decisions about product development, pricing, and market positioning.

    Economics

    Economists use market research data to analyze market dynamics, demand and supply trends, and economic indicators.

    Marketing

    Market research is a crucial component of marketing strategy, helping businesses understand their target audience, competition, and market trends.

    Consumer Behavior

    Market research provides insights into consumer preferences, buying habits, and decision-making processes.

    Strategic Planning

    Market research guides strategic planning by providing data-driven insights for setting goals, allocating resources, and forecasting market trends.

    Product Development

    Market research helps product developers identify market needs, assess product viability, and optimize features based on customer feedback.

    Competitive Analysis

    Market research is used to evaluate competitors' strategies, strengths, and weaknesses in the market.

    Occupation Usage of market research

    Writer

    Writers may use market research to understand their target audience better, identify trends in the publishing industry, and tailor their content to meet the demands of the market.

    Psychologist

    Psychologists may use market research to study consumer behavior, analyze market trends, and develop strategies for influencing consumer decisions.

    Marketing Manager

    Marketing managers use market research to identify target markets, assess the competition, and develop marketing campaigns that resonate with consumers.

    Business Analyst

    Business analysts use market research to gather data on market trends, consumer preferences, and competitor strategies to help companies make informed decisions about their products and services.

    Product Manager

    Product managers use market research to understand customer needs, identify opportunities for new products or services, and make data-driven decisions about product development and marketing strategies.

    Consolidated Statistics about market research

    Region Popularity

    Gender Usage

    By Literature Genre

    By Media

    Age Distribution