Question: Customer research forecasting which uses primary data collection done by which of the following methods? concept testing - a process of evaluating consumer response to
Customer research forecasting which uses primary data collection done by which of the following methods?
concept testing a process of evaluating consumer response to a particular offering prior to introduction to the market. Concept tested can be based on a description of the offering or can involve a fully functional prototype. A marketer can use a focus group.
market testing relies on test markets to estimate market potential and future sales volume. It is often used as a gonogo decision as to whether or not to launch a new product. Test markets aim to replicate all relevant aspects fo the market
both of the above
neither of the above
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
