Explain the five (5) stages of the consumer buying decision process. Provide an example for each stage by reflecting on a past purchase decisions of a high involvement product           i. Stage 1          Provide an example of Stage 1                                                                                                                                                      ii. Stage 2            Provide an example of Stage 2 ):                                                                                                                                            iii. Stage 3              Provide an example of Stage 3:                                                                                                                                               iv. Stage 4        Provide an example of Stage 4 :                                                                                                                                                          v.     Stage 5 :       Provide an example of Stage 5

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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.