Write short notes on the following in about 150 words: a) Purposes of Market Research b) Factors which affect the preparation of forecasting c) Differentiate between Social Marketing and Socially Responsible Marketing d) Levels of Distribution Channels
a) Purposes of Market Research Market research is conducted to understand customer needs, preferences, and behavior. In tourism, it helps identify target segments, evaluate satisfaction levels, and track emerging trends. The main purposes include decision-making support, strategy formulation, identifying market opportunities, and reducing business risk. It aids in designing effective promotional campaigns and improving products […]