Dream Team Bed and Breakfast & Concierge Service is a new business that is starting in Negril Jamaica by seven individuals. The currency to be used at this business is US dollars.  1. Based on the business above provide the following information for the seven founders of the business.  a. A Competitor Analysis - stating Competitor’s market shares, Competitor’s services, and Competitor’s strategies within the same location.

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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.