What is the role of market research in product development?
An example of an AI chatbot conversation about the importance of market research in developing products.
What is the role of market research in product development?
Market research helps identify customer needs, market trends, and competitive landscape, guiding product design.
Can you give me an example of how market research influenced a product?
Sure! For instance, Apple used market research to understand user preferences, leading to the design of the iPhone.
What methods are commonly used in market research?
Common methods include surveys, focus groups, interviews, and analyzing market data to gather insights.
How can startups effectively conduct market research?
Startups can use online surveys, social media polls, and competitor analysis to gather valuable market insights.
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