Whois & Analysis for mordorintelligence.com

Mordor is a large dark area about 475 km in diameter near the north pole of Charon, Pluto's largest moon.

Market research is any organized effort to gather information about target markets or customers.

It is a very important component of business strategy.

The term is commonly interchanged with marketing research; however, expert practitioners may wish to draw a distinction, in that marketing research is concerned specifically about marketing processes, while market research is concerned specifically with markets.

A consumer is a person or organization that uses economic services or commodities.

In economic systems consumers are utilities expressed in the decision to trade or not.

A market analysis studies the attractiveness and the dynamics of a special market within a special industry.

It is part of the industry analysis and thus in turn of the global environmental analysis.

Through all of these analyses, the strengths, weaknesses, opportunities and threats (SWOT) of a company can be identified.

Finally, with the help of a SWOT analysis, adequate business strategies of a company will be defined.

The market analysis is also known as a documented investigation of a market that is used to inform a firm's planning activities, particularly around decisions of inventory, purchase, work force expansion/contraction, facility expansion, purchases of capital equipment, promotional activities, and many other aspects of a company.

Strategic management involves the formulation and implementation of the major goals and initiatives taken by a company's top management on behalf of owners, based on consideration of resources and an assessment of the internal and external environments in which the organization competes.