A marketing research will also help increase the effectiveness of a marketing strategy because the research combine valuable data that can be use to improve the product, the distribution, the pricing, and consumer behavior drive. To be able to focus the organization’s energy and resources to act on those strategies that will increase profitability.
Marketing research will be a good source of data for planning and create contingency plans to overcome external environment treats; that can affect and determinate the success or fail of the organization.
This research, study the market, the product, the competitor, demographic trends, social-cultural trends, technological issues, economical issues, political-legal issues, changing channels, your organization, and other key industry profile. All of this aspects will be analyze to create a clear and manageable outlook of the key component defining “how the organization will successfully engage customers, prospects, and competitor in the market arena.
On the same hand, the organization will benefit from analyzing the research data; because it brings a tremendous advantage for the development of corporate strategies, corporate missions, and corporate goals to embrace the market.
Looking at the uniqueness of KFF organization it is easy to determinate that the reason for the organization success is base on the target audience; which focus on a particular customer needs and create that unique service or product. KFF was created with this... [continues]
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(2011, 01). Mkt Strategymarketing Research and Strategies for Kudler Fine Food's. StudyMode.com. Retrieved 01, 2011, from http://www.studymode.com/essays/Mkt-Strategymarketing-Research-And-Strategies-For-536313.html
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