Business 7115 · O Level · Market research

Market research — practice question

(a)[8]

Identify and explain two reasons why market research matters to GJ before she starts the new service.

(b)[12]

Explain the two elements of the marketing mix below for the new service Jasmin is introducing. Which element do you consider more important while the service is at the introduction stage of the product life cycle? Give reasons for your judgement.

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