To
run a successful business you need to learn about your customers your
competitors and your industry. Market research is the process of
analyzing data to help you understand which products and services are in
demand and how to be competitive. Market research can also provide
valuable insight to help you:WHAT TO DO: Visit this data site:http://www.sba.gov/category/navigation-structure/starting-managing-business/starting-business/establishing-business/b-1and
outline how you can apply any aspect of the methods processes terms
or analyses in this course to analyse any aspect of the data provided.There is no right/wrong answer just show how you can apply some aspect of business statistics to the data.*Attach
a separate file of no more than 3 pages (750 words if you chose to
type it in the space provided). This should include any diagrams or
formulas you may use.