Essay about Employment Of A Business Market

1063 Words Apr 8th, 2016 5 Pages
Employment of market analyst is projected to grow 19% from 2014 to 2024 which is the greatest increase than any other occupation out there. Even though employees do not think market analysts are important to a business market analysts are a major key to businesses and employees wonder what role do they play because most employees think market analysts will not be able to help the business. Not only do market analysts study market conditions to examine potential sales of a product or service but also market analysts provide the companies with a chance to increase in sales and lower in costs. In the same way market analysts are like any employee in a business they find out what customers want and need, understand what products people want, who will buy them, and at what price they will buy them. In the first place market analysts formally emerged in germany in the early 1920s people wanted to study about potential markets and new customers.(Ferguson 101) Late 1980s communist countries started using market analysts where the quantity of consumer goods being produced were increasing.(Ferguson 101) United States firms hired marketing analysts to use statistics and refine research techniques to help companies reach their goals.(Ferguson 101) Today, market analysts is a major part of the marketing business by conducting studies and extrapolating data, research professionals help companies address specific issues and concerns. Ever since industries have grown mainly starting from…

Related Documents