In order to have a competitive edge over the business, there is no substitute for Business Research. It is the process of having detailed information of all the business and thereby capitalizing on the information to help to augment the prospect of business.
Business Research is not confined to any specific area rather it can be applied to any area of business. There is a conception about Business Research among mass that it helps to know where money can be pumped to increase sales or market share. This is a very critical area where making a decision is of utmost importance.
An example will help to comprehend it in a better light. Consider from the time being a mobile company wants to float a new mobile model in the market. Before launching, you must be aware of the fact that what kind of mobiles are in great demand in the market. Based on your information, you make a decision. That kind of survey is in the garb of Business Research. There are the basic tenets of Business Research.
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