Advantages of problem formulation, Marketing Research

Assignment Help:

Ii is experienced that sometimes a vaguely formulated problems introduces many difficulties in proper decision making as well as to conduct true and relevant research. A proper definition not only arrives at an operational statement but it also uncovers the basic problem that underlines the symptoms which are to be solved. The followings are the main advantages of problem formulation:

a. It orients i ,e, brings into clear understanding of the relations and determines the position of decision maker and there searcher within the framework of classified marketing.

b. It tires to relate the problem with other marketing problems by finding hidden difficulties and new opportunities.

c. Suggests the source of data and facilitates their interpretation.

d. Determines the action needing priority and the one with needs more detailed investigation.

e. Enables the decision model to be well conceived.

f. Identifies the data relevant to the problem.

g. Pinpoints the gaps in the knowledge that may call for formal research


Related Discussions:- Advantages of problem formulation

Determine the important factors of marketing research, Determine the import...

Determine the important factors of marketing research? Marketing Research involves following: - i) Product Research: - Assessment of suitability of goods with respect to

Remittances connected with exports, Remittances Connected with Exports : E...

Remittances Connected with Exports : Exporters are permitted to retain upto 25% (50% in the case of EOUs located in EPZI Software Technology Parks/Electronics Hardware Technology

Describe the term - materials, Describe the term - Materials Materials...

Describe the term - Materials Materials department uses research to create suitable policies regarding. Where to buy? How much to buy? When to buy? At what pric

Recent developments in export financing, RECENT DEVELOPMENTS IN EXPORT FINA...

RECENT DEVELOPMENTS IN EXPORT FINANCING: As stated earlier, offer of attractive credit terms is a crucial factor in winning export contracts. Hence, financial institutions are off

Objectives of export-import policy, OBJECTIVES OF EXPORT-IMPORT POLICY : G...

OBJECTIVES OF EXPORT-IMPORT POLICY : Government control import of non-essential Items through an import policy at the same time. all-out efforts are made to promote exports. Thus,

Explain internal psychological procedure, Q. Explain Internal psychological...

Q. Explain Internal psychological procedure? The relevant internal psychological procedure that is associated with information search is perception. Perception is defined like

Currency options-foreign exchange risks, Currency Options : As you have le...

Currency Options : As you have learnt the forward contract protects the interest of the holder against the risk of adverse movements in exchange rates. At the same time, the contr

Introduction-export finance, INTRODUCTION : You have learnt various provis...

INTRODUCTION : You have learnt various provisions of Exchange Regulations . Export financing is another important area of export business. Export finance refers to the credit f

Research Methodology, Explain the steps involved in a research process.

Explain the steps involved in a research process.

Brand promotion, brand promotion technique can benefit an organization by i...

brand promotion technique can benefit an organization by increasing its sales or hitting competitive brands may leave a negative impression on the customers?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd