Importance of Monitoring Trends
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Why is it important for marketers to monitor current trends in marketing? How does a marketing information system identify and measure trends? How would you design a marketing information system for a product of your choice?
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This 375 word solution looks at how to design a marketing information system and how such a system identifies trends.
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Why is it important for marketers to monitor current trends in marketing?
- It can be the key to avoid potential issues before they impact the business.
- A market analysis will give you an overall projection of industries within a specific state, region, or ZIP code.
- It is helpful in understanding where your current market is and where it is going.
- It provides a strategic advantage with information and demographic analyses that can be used to analyze the regional economy and workforce.
How does a marketing information system identify and ...
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