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What Is Meant by Comparative Analysis and Market Estimation by Analogy

question 97

Essay

What is meant by Comparative Analysis and Market Estimation by Analogy? How can these be helpful in marketing research?


Definitions:

Truth-wins Rule

A principle stating that the correct or best idea, argument, or proposal among those competing will ultimately be adopted or accepted.

Intuition

Gathering information through a “sixth sense” and focusing on what could be.

Analytic Thinking

The systematic examination of complex ideas, issues, or problems using logical reasoning and critical analysis to break them down into component parts.

Logical Reasoning

The process of using a structured, systematic approach to arrive at conclusions or solve problems based on valid premises.

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