Answer to Question #301402 in English for Jas

Question #301402

Paint me a picture.

illustrate concrete situation/s in your daily activities that

show/s the importance of research.


1
Expert's answer
2022-02-25T07:29:02-0500

Research helps us succeed in business. To elaborately explain, some of our daily activities involve operating a business. In business, there are several market factors that can lead to success or failure of a business. One of the factors that can lead to failure of a business is a small market for the products offered by the business, or offering products that are not needed in the market, which makes the products not to be purchased by the customers. By carrying out research of the market and asking customers, one can identify the products that the market needs, which ones are needed by the market but they are unavailable, and the markets which have not been exploited and there is no competition. By carrying out research, a business is bale to know all these factors and consider the actions they need to take. Firstly, providing the unavailable products is the first step to maintain the reputation of the business then expand to the new market to increase their profits. Without research, knowing such information is not possible, which can lead to the downfall of the business. However, with research one is able to determine the next step they can step having all the information and the actions they can take. Therefore, research is important in our daily lives.


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