Question

10. Following is (are) the benefits of Marketing research :
(A) Reduction of risk in marketing decisions
(B) Production of new products
(C) Minimisation of cost
(D) All of the above​

Answer 1

Answer:

D

Explanation:

I hope these answer will be right

Answer 2

(D) All of the above are the benefits of Marketing research.

Marketing research-

• It is the process of researching and analyzing about the problems/issues related to the products launched in a market.
• Market research is another concept and subset of the process of Marketing research where the market is studied before launching a product.
• However, market research is done as the first step, followed by marketing research and later marketing.
• So first the product/market research is done, and later the issues faced by consumers related to the product are studied.
• And that process of Marketing Research includes gathering and studying the after compliments/complaints regarding the product.
• This helps the company is moving on to the production of new products, and minimize/maximization of costs depending on the customer reviews.
• The research acts as a protector and reduces risks for the firm regarding further decisions related to the product.

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