Market research is essential for understanding consumer behavior, door-to-door and telephone surveys have unique characteristics, non-viable business ideas lack profitability potential, and personal needs are individual requirements.
Market research is crucial as it helps businesses understand consumer preferences, behaviors, and market trends, enabling them to make informed decisions about their products or services. Door-to-door surveys involve researchers visiting households to conduct surveys, while telephone surveys are conducted over the phone, both having distinct advantages and limitations.
A non-viable business idea is one that lacks the potential for success or profitability due to various factors like a lack of market demand, resources, or feasibility.
Personal needs refer to an individual's desires or requirements for specific products, services, or experiences that aim to satisfy emotional, physical, or psychological demands.
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