7th Grade Recovery Entrepreneur 2nd Period 2025

What is Market Analysis

What is market research?

What is primary sources?

What is secondary source?

What is the primary purpose of market research?

• To determine a company's organizational structure.

• To identify and analyze market and consumer behavior.

• To create financial strategies for the company.

• To improve employee productivity.

Which of the following is NOT a phase of market research?

• Problem definition.

• Data collection.

• Business expansion.

• Data analysis and interpretation.

What is market analysis?

• A process for analyzing employee working conditions.

• An assessment of market conditions to make strategic decisions.

• A quality management method.

• A technique for setting prices.

Which of the following is a key element in market analysis?

• Competitor evaluation.

• Creating an organizational structure.

• Implementing human resources strategies.

• Reducing production costs.

Which of the following is NOT a primary source of information?

• Customer surveys.

• Consumer interviews.

• Government reports.

• Focus groups conducted by the company.

Which of these is an example of a secondary source of information?

• A company's internal sales data.

• Interviews with potential customers.

• Research reports from a consulting firm.

• Surveys designed by the company.