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Market Research

This is a 1 Stage Quest. Upon completion you will receive:

  • 15 Experience Points (XP)
  • 5 Gold (G) x 100% (REP Modifier) = 5 Gold (G)

This Quest has nested quests. Upon completion of the nest you will receive:


Want to learn the juicy details about your customers and competition? Then get ready to do some detective work and dive into the fascinating world of market research!

Market Analysis Helps Develop Your Business Idea

Analyzing the market and competitors is essential in the development of a successful business because it helps:

  • you understand the market conditions
  • competition in the market
  • refine your business idea and make it more appealing and competitive in the market.

You will gather information on:

  • market trends
  • competitor profiles
  • market size

You will then use the information gathered to conduct market analysis and competitor analysis to better understand the market and competition. Finally, you will use that information to refine your business idea and make it more appealing and competitive in the market.

Market Research - Stage 1

Use this Assistant to Conduct Market Research

The assistant should generate a report for your group at the end of your chat. Paste that report below. You should only do one chat for your entire group and work on it together.

This post is private. Only you and the site administrators/instructors will be able to see it.

Quest Complete!