Question: Questions ( 100 points in total, 10 points per question ) : 1. What is market research? Try to explain what market research is based

Questions (100 points in total, 10 points per question):

1. What is market research? Try to explain what market research is based on your understanding.
2. Why do we follow a structured process when conducting market research?
3. Describe what exploratory, descriptive, and causal research is and how they are related to one another. Provide an example of each type of research.

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