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Briefly Explain Why Marketers Need Marketing Research in Addition to Competitive

question 144

Essay

Briefly explain why marketers need marketing research in addition to competitive marketing intelligence.


Definitions:

Business Contracts

Legally binding agreements between two or more parties that outline terms and conditions related to business transactions.

Criminal Liability

The legal responsibility or obligation of an individual who has committed a crime, subjecting them to prosecution and punishment.

State of Mind

The particular condition or mood a person is in at any given time, often relevant in determining intent in legal contexts.

Intent

The purpose or aim behind an action, demonstrating a conscious decision to perform that particular act.

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