Business 7115 · O Level · Market research

Market research — practice question

(a)[8]

Explain four ways that market research information may assist a business.

(b)[12]

Consider the following two methods TSE could use to buy the raw materials for its factories. Which method should TSE use? Justify your answer. • Head office in country P continues to purchase the raw materials for all TSE factories • TSEs factory managers in each country purchase raw materials locally

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: It helps identify the target market, so advertising can be aimed at this market more effectively

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