What is business ?
A business is an organisation whose purpose is to produce goods and services to meet the needs of customers. A business is where you make profit or when you sell and buy items.
What is a customer ?
Customers are who's needs are based on good quality, good product range, convenient location, good customers service and a fair price. The problem is that all customers are different and need different things.
What is a supplier ?
A supplier is a business that sells (supplies) products to another business.
What is a consumer ?
A consumer is the person that uses (consumes) the product.
What is market research ?
Market research is the act of collecting information about the consumers' required and preferences.
What is primary research ?
Primary research is when you independently gather any kind of research for example surveys.
What is secondary research ?
Secondary research is when you use some else ideas to help you start of you business.
What is qualitative ?
Qualitative data is a technique of analyzing many different intellectual developments within society and its also an understanding of human behavior with the reasons behind it.
What is quantitative data ?
Quantitative data is data can be measured numerically. Things that can be measured precisely - rather than through interpretation - such as the number of attendees at an event, the temperature in a given location, or a person's height in inches can be considered quantitative data.