Which definition is closest to the definition of market research provided in the text and accompanying lecture slides?

(A) A combination of primary and secondary techniques used by entrepreneurs to evaluate the potential of a business opportunity
(B) The systematic design, collection, analysis, and reporting of data and findings relevant to a specific marketing situation facing the company
(C) Systematically testing the merit of a business opportunity through market validation techniques such as surveys, long interviews, observation, and focus groups
(D) All of the above

D - All of the above

Explanation:

Market research is defined as the process that provides information used to identify and create marketing opportunities by linking the producers, customers, and end users to the marketer. It is also a process of evaluating marketing actions, monitor marketing performance and improving understanding of marketing as a process.

Marketing research specifies the information required to address issues identified in a marketing process and designs the method for collecting information, managing and implementing data collection process, analyzing the results, and communicating said findings and their implications to the marketer.

From the above definition, marketing research is inclusive of A, B and C

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!

the correct answer is - no.

winnipeg, canada, is not further away from the equator than moscow, russia, in fact moscow is the city that is further away from the equator. moscow is on a latitude of 55.7558° north, while winnipeg is on a latitude of 49.8951° north, thus putting moscow by 5.8607° further away from the equator than winnipeg is.