Experts harp on Marketing Research as aid to National Development
Experts in the marketing research profession have stated the need for Nigeria to pay greater attention to the practice in order to facilitate greater national development. The Nigerian Marketing Research Association (NiMRA) noted that market research plays a central role in product development, adding both the public and private sectors should embrace it more to reap its benefits. President of NiMRA, Mr. Lanre Fasakin, stated that marketing research today has become very central to development as it helps in bringing ideas from conceptualization to eventual implementation. He said: “Once ideas have been generated, marketing research principle/methods are employed to help in ideas screening; test concepts during which modifications needed are discovered; developing concepts into acceptable/marketable products; conduct test marketing/market stimulation of the prepared product sometimes deploying other elements of the mix such as advertising and effective distribution.” Fasak...