Zedpro Computer Company is determining the demand for a new product and how much consumers are willing to pay for it.For this,Zedpro should best rely on:
A)case studies.
B)marketing research.
C)trial and error.
D)successful past experiences.
E)intuition.

Question

Quizplus · Accepted Answer

Marketing research is the most effective method for determining consumer demand and pricing for a new product. It involves collecting, analyzing, and interpreting data about markets, competitors, and consumer preferences, which directly informs product development and pricing strategies.

Zedpro Computer Company Is Determining the Demand for a New