Who conducts market research? On-staff research experts A mix of on-staff and external resources An external research firm All of these
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Market research can be conducted by a variety of resources! Companies often utilize on-staff research experts to gather insights tailored to their specific needs. However, blending internal knowledge with external resources can result in a more comprehensive view, maximizing efficiency and expertise. Some businesses may choose to outsource the task altogether to specialized external research firms that bring fresh perspectives and a wealth of experience from different industries. In today’s ever-evolving market, businesses also engage in crowdsourcing as part of their research methodologies. By utilizing online platforms, companies can gather feedback from potential customers, tapping into a diverse range of opinions and insights. This not only increases engagement but can sometimes uncover trends that internal teams might overlook!