ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Why is market research useful to a business?
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Helps to identify and satisfy customer needs
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So a business knows how much to spend on adverts
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In order to make the business look good
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None of the above
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Explanation:
Detailed explanation-1: -It can help you decide whether a new idea for a business or product will fly – that is, if customers will find it appealing – based on how similar products have performed in the marketplace. It can help you make wise product packaging and promotional decisions, as well as effective marketing messages.
There is 1 question to complete.