asked 22.5k views
1 vote
What is the purpose of market research?

O Market research keeps the economy growing.
O Market research gives consumers reliable product information.
O Market research helps producers earn more profits.
O Market research leads to efficient production.

asked
User Yekver
by
8.5k points

1 Answer

2 votes

Answer:

Market research gives consumers reliable product information.

Step-by-step explanation:

The purpose of market research is to gather information about a target market or audience in order to better understand their needs, preferences, and behavior. This information is then used by businesses and organizations to make informed decisions about product development, marketing, and overall strategy. Therefore, the most appropriate answer is: B. Market research gives consumers reliable product information.

answered
User Eric Redon
by
8.3k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.