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Which of the following statements best describes the results provided by market research?

  • Question 5c of 25 - Consumer influences

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Which of the following statements best describes the results provided by market research?
  • Answers:
  1. Market research allows producers to create trends that lead to more sales.
  2. Market research helps producers understand market forces better.
  3. Market research tells producers what consumers want and what they're willing to pay.
  4. Market research lets producers predict what laws the government is planning to make.

The correct answer is: Market research tells producers what consumers want and what they're willing to pay. Market research gives producers an idea of how consumers will

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