How long does a market study take and how much does it cost?

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The duration of each project and the cost of implementation are determined on a case-by-case basis. It all depends, among other things, on the problem under consideration, the number of consultants carrying out the project and the amount of information to be obtained. Depending on the scope of the study, a deadline is set within which the results must be communicated to the client.

Market research also depends on factors code phone number philippines such as the size of the project and the availability of data. Primary research is more expensive and time-consuming, while secondary research, which is cheaper to conduct, is not always sufficient. Often, only face-to-face interviews can provide the necessary information.

What is market research really?



In conclusion, to answer the question posed it is not enough to formulate a brief definition, since it is a very broad topic.

There is no doubt that this is a very useful measure, among others, for start-ups that want to get off to a good start. This is because market analysis helps to gather very valuable information that can facilitate a competitive advantage. Companies that want to operate in existing markets need information and data, which is precisely obtained through market research.