The Purpose of Market Research for Economic Development

Generally speaking, the purpose of market research in finance is to maximize profits. No one can make up his or her mind without taking into consideration all options. Market research is used to understand how competitors are likely to react and what actions might result in an increase or decrease in the current price.

How To Define Market Analysis For A Company

A market definition studies the dynamics and attractiveness of a specific market in a specific industry. It is a part of this industry study and therefore also of the global financial analysis. Through such studies, the potentialities, weaknesses, threats, and opportunities of a certain company can be determined. It can even provide a long-term strategic […]