Explore BrainMass

Explore BrainMass

    how the marketing research can benefit profitability

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Research opportunity to create a profit.
    Explain how the marketing research can benefit profitability of a product. Explain importance of this type of research.
    Use data from other businesses who have done similar research to support this claim.

    1. Number of accessories purchased to accommodate product---things like cell phones work for this.
    2. Month of the year product purchased
    3. Time of day product purchased
    4. Number of advertisements put out in region for product.
    5. Number of products sold at one store

    © BrainMass Inc. brainmass.com March 4, 2021, 8:17 pm ad1c9bdddf

    Solution Preview

    Marketing research provides a strong insight to marketeers about the consumer's perception, needs, wants, preferences and buyung behavior and thus, help them to devise appropriate strategies and make adjustments to exploit the full potential of the market. Marketing research has gain significant experience in today's competitive world where customer ...

    Solution Summary

    How the marketing research can benefit profitability of a product