NECO Commerce 2023 Objective — Question 22
Question 22 of 50 from the National Examinations Council (NECO) Commerce 2023 Objective paper, with the correct answer and a full explanation.
Advertisement
The process of collecting and analysing information about a market to make informed decisions about a product is (a) advertising (b) market research (c) product development (d) distribution
- A. advertising
- B. market researchCorrect
- C. product development
- D. distribution
Explanation
Market research is the systematic process of gathering and analysing data about a market to guide decisions on a product or service.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.