Definition: Market Analysis is the process of studying and quantifying the nature of the market for a product or a service or the nature of the customers who would use the product or service.
Examples: A thorough market analysis is useful for getting to know the potential demand for your product as well as the ability of your prospective customers to pay for the product.
Examples: A thorough market analysis is useful for getting to know the potential demand for your product as well as the ability of your prospective customers to pay for the product.