Question

an organization is gathering, recording, and analyzing data about its target market. this activity is known as

Answer 1

Marketing research deals with gathering, recording and analyzing data about its target market.

Step-by-step explanation:

• A research will be conducted with the direct customer for releasing a new product or new version of the product.
• This is the systematic way of collecting data
• This helps entrepreneurs to make decision
• It is the study of market design in tandem with the acceptance in the market
• Helps the business man to better identify the market opportunities
• Also it is possible to learn market strategies from the research.