Market research is the first step of any marketing plan and the number one way in which businesses learn about the _____ of their customers?
A income and criminal record
B hopes and dreams
C habits and hobbies
D needs and wants
D needs and wants
is this right
Yes, you are correct. Market research helps businesses understand the needs and wants of their customers, allowing them to tailor their marketing strategies and offerings accordingly.
The correct answer is D) needs and wants.
To understand the needs and wants of customers, businesses often conduct market research. This research helps businesses gather information about their target market, including their preferences, buying behaviors, and desires. By conducting market research, businesses can gain insights into what customers are looking for, what problems they want to solve, and what benefits they seek from a product or service. This information is crucial to developing effective marketing strategies and tailoring products or services to meet the specific needs and wants of customers.