2-how the link/connection between market research and end userdata analysis in promoting business growth.
Answer
Market research helps in knowing the demand and supply of theitems. For example I can say if any product gains more demand amongthe people then its price will be very high comparing conventionalitems. In the other case if the product is available in plenty thenits price will be too low comparing others.
It helps in getting better perspective about the marketcondition.
The end user data is gaining advantage after the invention ofthe big data analytic tools, machine learning etc.
This helps us in analyzing how the customer feels
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