- Created by: sam the bfg
- Created on: 08-11-18 15:43
Basic Customer Needs:
A firm that identifies and meets customer needs is more llikely to make sales than a business that does not.
The more a bsuiness knows about demand the better they can cater the product to fulfil demand and spot market opportunities.
Researching competition helps to understand the market. Looking into competition also helps a business with pricing.
Knowing your target market is useful to for understanding how thoses customer needs asre changing and what demand is like for the target market.
Market research into the target market helps to identify customer needs and wants to produce a high quality product.…