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Who conducts market research? On-staff research experts A mix of on-staff and external resources An external research firm All of these

Ask by Norris Bartlett. in the United States
Jan 24,2025

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Market research can be conducted by on-staff experts, a combination of internal and external resources, or by external research firms.

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**Answer:** All of these. **Explanation:** Market research can be conducted using various approaches depending on an organization's needs, resources, and objectives. This includes: 1. **On-staff research experts:** Many companies maintain internal teams dedicated to conducting market research to continuously gather insights tailored to their specific needs. 2. **A mix of on-staff and external resources:** Some organizations prefer a hybrid approach, utilizing their internal expertise while also partnering with external consultants or specialists to enhance their research capabilities. 3. **External research firms:** Engaging external research firms allows companies to leverage specialized skills, unbiased perspectives, and access to broader data sources that may not be available internally. Choosing among these options—or combining them—depends on factors such as budget, expertise, the scope of research required, and the specific goals of the market research effort.

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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!

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