1. How can data could help to inform business decisions. Data includes political system, economic classification, gross domestic product, economic blobcs impacting trade and purchasing power parity.  For example, consider what information each data point provides, whether you think some data points should be weighted more or less heavily than others in making a business decision, What ideal data points might look like for expansion into a new market for a product such as bluethooth speakers, and the ways that different political systems may impact a decision, and so forth.

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Market Research Methodology

Market research refers to employing strategies, collecting data, and studying the target audience of a product by an organization. Businesses analyze customer data to figure out consumer trends, improve product design, improve user experience, develop customer-centric marketing campaigns, generate high-quality leads, and boost conversion rates. Phone surveys, test marketing strategies, and focus groups can be used for marketing research.