Asked by Vaishnavi Mereddy on Jun 11, 2024
Verified
Even when your market test is a failure,you can still write a useful report.What are the things to keep in mind while writing the report?
Market Test
An experiment or survey conducted to gauge the potential success of a product or service in the marketplace.
Useful Report
A document or communication that provides valuable information or insights for decision-making, often structured and presented to meet the specific needs of its audience.
- Learn how to conduct a market test and analyze its outcomes.
Verified Answer
AR
Allison RabrenJun 13, 2024
Final Answer :
Even when your market test is a failure,you can still write a useful report.-Identify changes that might yield a different result (e.g.,selling the product at a lower price might enable the company to sell more units).-Discuss circumstances that may have affected the results.-Summarize your negative findings in progress reports to let readers down gradually and to give them a chance to modify the research design.-Remember that negative results are not always disappointing to the audience.A report demonstrating that an idea isn't feasible can save people time and money.
Learning Objectives
- Learn how to conduct a market test and analyze its outcomes.
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