Question

1. All the market research must be done and the desired customer segment has been targeted. Likewise, when the final location has been chosen and the new product has been designed and developed, then

Answer 1

• When the final location has been chosen and new product has been designed and developed the target audience should be e made aware of the product and its new features.
• A new product is made according to the market research by understanding the needs and preferences of various customers.
• Advertisement and sales promotion is done to meet the people aware about the availability of the product and the features of it.
• It is a very important part of any business.