Market Research Matrix

The Market Research Matrix is a 2x2 matrix used to compare the potential of two different products or services. It helps to identify the most viable option for a business to pursue.

At a very high level, the Market Research Matrix is used in the context of business, marketing, research.

Market Research Matrix quadrant descriptions, including examples
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What is the Market Research Matrix?

A visual explanation is shown in the image above. The Market Research Matrix can be described as a matrix with the following quadrants:

  1. High Potential, Low Risk: Products or services with high potential and low risk, such as a new product with a proven track record.
  2. High Potential, High Risk: Products or services with high potential and high risk, such as a new product with no track record.
  3. Low Potential, Low Risk: Products or services with low potential and low risk, such as an existing product with a proven track record.
  4. Low Potential, High Risk: Products or services with low potential and high risk, such as an existing product with no track record.

What is the purpose of the Market Research Matrix?

The Market Research Matrix is a 2x2 matrix used to compare the potential of two different products or services. It helps to identify the most viable option for a business to pursue. The matrix is divided into four quadrants, each representing a different outcome. The top-left quadrant represents products or services with high potential and low risk, the top-right quadrant represents products or services with high potential and high risk, the bottom-left quadrant represents products or services with low potential and low risk, and the bottom-right quadrant represents products or services with low potential and high risk.

The Market Research Matrix is often used to compare two products or services and decide which one is the best option for a business to pursue. It can also be used to compare different strategies for a single product or service. The matrix is a useful tool for businesses looking to make decisions based on potential and risk.


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What templates are related to Market Research Matrix?

The following templates can also be categorized as business, marketing, research and are therefore related to Market Research Matrix: Effort Impact Matrix, Gap Analysis Matrix, Growth Share Matrix, Kraljic Matrix, Outsourcing Matrix, Quadrant Analysis, Risk Analysis Matrix, Risk Value Matrix. You can browse them using the menu above.

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