Market research focuses on understanding customers, competitors, suppliers and retailers in the immediate marketplace. Marketing research builds upon market research by also examining companies, strategies, and the wider political and social environment. Marketing research systematically collects, records and analyzes data about marketing problems and opportunities. It provides information needed to identify target markets and determine appropriate prices. The research also covers topics like product image, brand awareness, distribution channels, pricing, packaging, new product development, and consumer requests to help inform business and marketing decisions.