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BSBMKG 408 Conduct Market Research

Market research as per the course BSBMKG 408 Conduct market research is the process of knowing the viability of an introduced service or product through research done directly with potential customers. It allows an organization to discover the target and get reviews and other feedback from customers regarding their interest in the product or service.

As there are several ways to do market research as per the course BSBMKG 408 Conduct market research, most organizations use one or more of five basic methods which are as follows:

  • Surveys
  • Focus groups
  • Personal interviews
  • Observation
  • Field trials

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