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What statements best explains why producers conduct market research?

Answer this question… Producers need to know what consumers want so they can sell more and make more profit. Knowing what consumers want helps producers make more money. -Apex


What is the purpose of trade practices act 1974?

The Trade Practices Act 1974 was established in Australia to promote fair trading and competition, protect consumers, and prevent misleading or deceptive conduct in trade and commerce. It provides a framework for regulating business practices, ensuring that consumers are treated fairly and have access to accurate information about products and services. The Act also addresses anti-competitive behavior, aiming to foster a competitive marketplace that benefits both consumers and businesses. Over time, it has been largely replaced by the Competition and Consumer Act 2010, which incorporates and expands upon its provisions.


Fair trading act 1987?

The Fair Trading Act of 1987 is a piece of legislation in Australia that aims to promote fair trading and protect consumers from unfair practices in the marketplace. It sets out rules and regulations that businesses must adhere to, such as prohibiting misleading or deceptive conduct, false representations, and unfair contract terms. The Act also provides consumers with avenues for seeking redress and compensation if they have been harmed by a breach of the law. Overall, the Fair Trading Act of 1987 plays a crucial role in maintaining a competitive and transparent marketplace for both businesses and consumers.


The impact of the receptionist conduct to the development of the hospitality industry?

the impact of the receptionist conduct to the development of hospitality industry


Who formed the code of conduct for professionals?

anonymous

Related Questions

Describe how producers conduct market research?

Producer researchers need to know the consumers' interests to proceed on their job.


What is analyses?

An analysis involves examinations to figure certain aspects of something. These aspects can include certain details, features, meanings, and the like.


How do you get info about consumers in order to identify a target market?

Conduct a survey.


Producer use surveys and focus groups for what?

To conduct effective market research


What type of instruments were manufactured by the Laboratory Analytical Instruments industry?

Laboratory analytical instruments manufactured by this industry were used to conduct physical and chemical analyses.


What describes the incentive for producers to conduct market research?

the desire to know what consumers want


What best describes the incentive for producers to conduct market research?

The desire to know what consumers want.


How have advertising agencies successfully used the Internet?

The Internet allows advertising agencies to target consumers worldwide and to conduct market research inexpensively.


How did customers conduct research before buying major appliances in the late 90s and early 2000s?

During the late 1990s and early 2000s, consumers tended to conduct research, often on the Internet, before they invested in major appliances


What statement explains why producers conduct market research?

Answer this question… Producers need to know what consumers want so they can sell more and make more profit. Knowing what consumers want helps producers make more money. -Apex


Explain why it is important for producers to conduct market research?

Producers need to know what consumers want so they can sell more and make more profit.


What best explain why producers conduct market research?

producers need to know that consumers want so they can sell more and make more profit