Definition of Market intelligence:
Information compiled from internal and external sources about a target group of consumers. The type of market intelligence most useful to a marketing department might include data on existing clients, targeted consumer habits, product and market trends, and what the competition is doing.
How to use Market intelligence in a sentence?
- The CEO was planning on expanding in new territory and hired a consultant to conduct market intelligence on two specific regions.
- Our company uses market intelligence to figure out which costumers are hight traffic costumers and which costumers we need to start sending information out to in order to make them regulars at our establiment.
- You should strive to have great market intelligence so that you are always first to adapt to any changes in it.
Meaning of Market intelligence & Market intelligence Definition