The systematic design, collection and analysis of data about problems relating to the marketing of goods and services is marketing

Assessment: WAEC SSCE - Marketing - 2017 (Objective) Subject: Marketing

Question 1 Report

The systematic design, collection and analysis of data about problems relating to the marketing of goods and services is marketing

Answer Details
The systematic design, collection and analysis of data about problems relating to the marketing of goods and services is marketing research. Marketing research is the process of gathering and analyzing information about market trends, consumer behavior, and competitor activity. It involves collecting data through surveys, focus groups, and other research methods, and using that data to make informed business decisions. Marketing research helps companies to better understand their target audience, identify potential opportunities for growth, and develop effective marketing strategies. It can also provide valuable insights into customer satisfaction, brand perception, and product performance. By systematically collecting and analyzing data, marketing research helps companies to make informed decisions about how to market their products or services. This can lead to increased sales, improved customer satisfaction, and a stronger competitive position in the marketplace. Therefore, the correct option is "research".

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