Market Research Quiz
Interactive Video
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Other
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Vocational training
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Practice Problem
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Hard
Lisa Legg
Used 6+ times
FREE Resource
7 questions
Show all answers
1.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the 4 key things market research does?
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2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
By not conducting market research a business could offer a product that no one wants and it could result in financial damage to the business?
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which company were most successful with market research
LG
Apple
4.
OPEN ENDED QUESTION
3 mins • 1 pt
What business failed to conduct market research and spot a gap in the market, which resulted in them going out of business?
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5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Market research helps businesses make better decisions such as
Launching a new product and service
Making changes to existing product
Investing in a new location or store
Launching a new product and service
Making more profit
Creating ideas
Making changes to existing product
Adding Value
Employing staff
Launching a new product and service
Not making changes
Where the business is going
6.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the two main groups of market research?
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7.
OPEN ENDED QUESTION
3 mins • 1 pt
Describe what Lego did with market research and what was the results of this?
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OFF
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