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- Marketing intelligence is the process of gathering and analyzing information about markets, customers, competitors, and trends12345.Some examples of marketing intelligence are12345:
- Competitor intelligence: collecting and comparing information about competitors' strengths, weaknesses, strategies, and performance.
- Product intelligence: obtaining and evaluating feedback from customers and potential customers about products' features, benefits, quality, and satisfaction.
- Market understanding: identifying and understanding the needs, preferences, behaviors, and motivations of different market segments and niches.
- Market reports: using data from various sources to assess the size, growth, opportunities, and challenges of a specific market.
- Internal databases: using information from customers' transactions, interactions, and profiles to generate insights and recommendations.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Three examples of marketing intelligence are competitor intelligence, product intelligence and market understanding.bizfluent.com/three-examples-of-marketing-intellige…Three Examples of Marketing Intelligence
- Market Reports Small companies often want to determine how they are faring in certain markets. ...
- Competitive Information Another type of marketing intelligence is competitive information. ...
smallbusiness.chron.com/three-examples-marketin…Some examples include surveys, focus groups, ethnographic research, etc. The basic idea behind marketing intelligence is to give companies an advantage over competitors by providing them with valuable insights that they can use for strategy development, marketing tactics development, product improvement, and sales strategies.www.techfunnel.com/martech/market-intelligence/Marketing intelligence plays a critical role in decision-making for the entire business. An example of this involves the book and music retailer, Borders, As consumer preference for convenience and simplicity motivated the move to online shopping, Borders continued to focus efforts on their brick-and-mortar locations.
www.marketingevolution.com/marketing-essentials/…Examples of Market Intelligence Example 1 – A restaurant in NY is looking to understand customer preferences for specific items on the menu. The restaurant may use market intelligence techniques such as surveys, focus groups, and sentiment analysis to determine what customers like and don’t like regarding menu items.www.marketing91.com/marketing-intelligence/ - People also ask
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