Thursday, July 16, 2009

Reasons for Doing Marketing Research: The Five Cs



  1. Customers: To determine how well customer needs are being met, investigate new target markets, and assess and test new services and facilities.


  2. Competition: To identify primary competitors and pinpoint their strengths and weaknesses.


  3. Confidence: To reduce the perceived risk in making marketing decisions.


  4. Credibility: To increase the believability of promotional messages among customers.


  5. Change: To keep updated with changes in travelers’ needs and expectations.

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