Marketing discovers consumer needs by
A)
advertising to diverse groups of prospective buyers.
B)
copying the products and services of competitors.
C)
balancing the marketing mix elements—the four Ps of the marketing program.
D)
conducting effective marketing research.
E)
implementing a marketing program.

Answers

Answer 1

Answer: D) Conducting effective marketing research.

Explanation:

Answer 2

The correct answer is option (d) conducting effective marketing research.

What do you mean by marketing research?

A concerted effort is made to learn as much as possible about target markets and consumers, beginning with their basic demographic information. It has a significant role in preserving competitiveness and is an essential part of corporate strategy. Market research enables a business to identify the target market and gather input from customers regarding their interest in the good or service as well as opinions.

This kind of research might be carried out internally, by the business itself, or by a different business that specializes in market research. Surveys, product testing, and focus groups are among the methods that can be used. A small stipend or product samples are typically given as payment to test subjects in exchange for their time.

To learn more about market research, use the link given
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Related Questions

Objects can possess energy as ___________.
(a) endothermic energy
(b) potential energy
(c) kinetic energy
A. a only
B. b only
C. c only
D. a and c
E. b and c

Answers

The answer is E. B and C
The answer is E. Both b and c are true.
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