Explain the importance of marketing research in consumer satisfaction
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Explanation:
Market research helps in reducing the time frame required for the product to reach the consumers. Moreover, market research helps in the proper analysis of the current needs and also an investigation of the future expectation of the consumers thus helping to achieve a higher level of consumer satisfaction
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When we start a business, we would analyse the demand of the goods or product that is most required in the market or in that locality.
Explanation:
- However, once we start the business to survive in the market we have to satisfy the customer.
- We have to look at meeting the requirements of the customer. We have to research on the complaints made by the customer in the market and look to improvise it in our business.
- It is always important to know the customer requirements.
To learn more:
1. What is the difference between domestic and international flights? which state in india doesn't have an ariport?:
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2. What is the difference between domestic and international flights? Which state in India doesn't have an airport:
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