Marketing Research Business is a very complex operation with hard work and a product or service is not enough. Market is a very important area where the trading of goods or services takes place. In order to succeed and correctly identify a market, a product or service, people need to do market research. This is an organized study of facts important to the business. In the following paragraphs I will discuss the relationship between marketing …
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…the product or service, the customer, and the competition (Market Strategy, 1998). Defining these categories will help provide answers to important questions regarding our target market. References Doing Your Own Market Research. (2004). Tips on Evaluating the Market for New Ranch- Based Enterprises. Market Strategy and Tactics. Retrieved on September 8, 2004 from the World Wide Web at http://www.marketing_research.htm Market Strategy. (1998). Market Research. Retrieved on September 8, 2004 from the World Wide Web at www.romwell.com