0
If a business neglects market research, it risks launching products or services that do not meet customer needs, leading to poor sales and wasted resources. Without understanding market trends and consumer preferences, the business may also miss opportunities for growth and innovation. Additionally, ineffective marketing strategies may result in a lack of brand awareness and customer engagement, ultimately jeopardizing the company's competitive position. Overall, the absence of market research can lead to strategic missteps and financial losses.
What else can I help you with?
What might happen to a business if they do not provide a good service to their customer?
They just might close you.
What is the importance of a marketing plan to an organisation?
A properly developed marketing plan is important because: 1. It helps to ensure that marketing activity i spropely focused and integrated. 2. It enables everyone in the organization to know exactly what will happen and when. 3. It enables the business to take advantage of market opportunities. 4. It helps to ensure that the business remains healthy by preparing for possible problems. 5. It puts the business in a better position to react to unexpected events. 6. Identify the right marketing mix.
What are the problems that customer may experience?
The customer may and may not face any problems. It is a known fact that each seller, enterprise, corporation, or agency is always keen to provide satisfactory services to customers that will create a transaction environment which develops repeated business and good-well. Therefore, all selling parties are always focused on customer satisfaction. If this is the case, then customers should not face any problems. However, the business world is not a clean environment at all times. There are some selling parties who are living on fraud and cheating in the sake of making profits. Others are in business and their bad attitudes or ignorance drives them to perform with stupidity or just rudeness. When such situations happen, customers are liable to face all sorts of problems. Some of these problems could be just inconveniences and others may face financial losses. Each one of us is a customer whenever we are expecting to receive or to buy anything from another party. The thing here could be a product or service.
What does increase market share mean?
An increase in market share means that a business captured part of their competition's customer base. When this happen, the business gets more revenue in the long run.
What happen if business firms fail to market the product?
Company will sufer for growth,lack income and fold up.product presentation will not be known by the poblic and other organisationns.bro Israel
What happens if a dog eats lifesavers?
if he/she doesnt have any health problems, nothing should happen.
What will happen if the business fails to sell its products?
Unless the business takes action to establish what the problems are and implement effective solutions, the business will cease to trade.
When will armegedon happen?
The bible doesnt say when it will happen so know one knows . But we do know it will happen
How long does it take a marriage to heal from an affair?
it doesnt happen...
What will happen if problems are not promptly solved?
Problems that are not promptly solved create more problems.
When did Business Games happen?
Business Games happened in 1983.
When did Business Plot happen?
Business Plot happened in 1933.
When did Business Wars happen?
Business Wars happened in 1992.
When did Monster Business happen?
Monster Business happened in 1991.
Do players get crushed bones in soccer?
ya. they can. but it doesnt happen a lot.
What was the early computer that handled business data?
The british food company Lyons made a business computer called LEO.Remington Rand made a business computer called UNIVAC.IBM made their first business computer called the 702.All of these happen within a few years of each other, do some research on your own now.
What problems might occur when humans interfere with an environment?
the problems that happen are that people
