Yes, the research should tell the producer about who will purchase the product. The producer can then target the publicity about the product at a specific audience, ensuring these people can get to purchase it. It may also inform the producer as to how to make the product to best fit this market.
Market research helps producers earn more profits.
Market research helps producers earn more profits.
Market research helps producers earn more profits.
Define market research, describe its purpose, and give at least one example of a type of market research that producers conduct
Market research helps producers earn more profits ~
Minimize costs and maximize revenue.
Minimize costs and maximize revenue.
Market research helps producers earn more profits.
Market research helps producers earn more profits.
Market research helps producers earn more profits.
Market research helps producers earn more profits.
Define market research, describe its purpose, and give at least one example of a type of market research that producers conduct
Minimize costs and maximize revenues.
minimize costs and maximize revenues
Market research helps producers earn more profits ~
Market research tells producers what consumers want and what they're willing to pay.Market research tells producers what consumers want and what they are willing to pay.
Producers conduct a market research in order to find out what customers want. This way they can provide better services and products.