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Multiple Choice
Marketing research begins with which of the following steps?
A
Analyzing the results
B
Defining the problem and research objectives
C
Collecting data
D
Presenting the findings
Verified step by step guidance
1
Step 1: Understand the purpose of marketing research, which is to gather information to make informed business decisions.
Step 2: Recognize that the first step in any research process is to clearly define the problem or question that needs to be addressed. This ensures the research is focused and relevant.
Step 3: Define the research objectives, which outline what the research aims to achieve. These objectives guide the entire research process.
Step 4: Note that other steps, such as collecting data, analyzing results, and presenting findings, come after the problem and objectives are defined.
Step 5: Conclude that the correct answer to the question is 'Defining the problem and research objectives,' as this is the foundational step in marketing research.