The Law of Market Failure states that most new products and services fail to meet market expectations. This phenomenon is a significant challenge for businesses, particularly in a rapidly evolving market landscape. However, there’s a powerful tool that can mitigate this risk: Market Research. Understanding Market Failure Market failure occurs when a product or service […]
The Business Process Outsourcing (BPO) industry is a significant contributor to the economy of Belize. To gain deeper insights into public perception and potential workforce interest, we conducted a survey addressing various aspects of the BPO sector. Here are the key findings from our survey, which garnered responses from 1,218 participants. Familiarity with BPO Familiarity […]
Results: 1529 Respondents E-wallets are rapidly becoming a popular method for making payments worldwide, and Belize is no exception. We conducted a survey to understand the frequency of e-wallet usage among Belizean residents, gathering insights from 1529 respondents. Here’s what we found: Key Findings: Never (39.32%) The largest group of respondents, 39.32%, reported that they […]
Dear Friends, Over 25 years ago, I arrived in Belize as the son of a diplomat. As an economics student with a deep passion for data and statistics, one of the first things I did upon learning about the move was to search for economic data on Belize. To my surprise, Belize was not listed […]
