Want to say market research differently? Here are other words for market research and its similar synonyms and opposite words to say in unique way.
Meaning of market research
The primary meaning of "market research" refers to the process of gathering, analyzing, and interpreting data about a market, including its size, growth, trends, and customer behavior, to inform business decisions.
Etymology of market research
The term "market research" originated in the early 20th century, with the rise of modern marketing and advertising practices.
The word "market" comes from the Old French "marché," meaning "trade" or "commerce," which is derived from the Latin "mercatus," meaning "trade" or "marketplace."
The word "research" comes from the Old French "rechercher," meaning "to search closely" or "to investigate," which is derived from the Latin "recercare," meaning "to search again" or "to investigate thoroughly."
Synonyms
Definitions
- The systematic gathering, recording, and analysis of data about a market to understand its characteristics, needs, and trends.
- The process of collecting and analyzing data to identify and assess the needs and preferences of customers, and to inform business decisions about products, services, and marketing strategies.
- A crucial component of business strategy, market research involves using various methodologies, such as surveys, focus groups, and statistical analysis, to gain insights into the market and make informed decisions.
Usage Examples
- The company conducted extensive market research to identify the target audience for their new product.
- Market research revealed that consumers were increasingly interested in eco-friendly products, leading the company to adjust its production strategy.
- The marketing team used market research to analyze customer behavior and develop a more effective advertising campaign.