Market research for a small business can be:
A)arbitrary.
B)informal.
C)random.
D)haphazard.

Question

Quizplus · Accepted Answer

Informal market research for small businesses can be done through methods such as surveys, social media analytics, customer feedback, and competitor analysis without following a strict or formal process. However, it still requires some level of planning and strategy to gather useful insights. Arbitrary, random, and haphazard methods are not recommended as they lack structure and may lead to unreliable results.

Market Research for a Small Business Can Be