August 21, 2019

Need for Business Research

  • Estimating expenses
  • Price determination
  • Assisting managers in decision making process.
  • Evaluating market trends
  • Achieving competitive advantage
  • To expand existing business
  • Modifying products
  • Improve customer acceptance
  • New raw materials
  • Improved manufacturing processes
  • To explore new business
  • Adopt innovative production technologies.
  • Vigorous competition

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