Market research can be used at almost any point in a product's existence,but it is most commonly used when a new or altered product is being considered.

Question

Quizplus · Accepted Answer

Market research is commonly used when a new or altered product is being considered, but it can also be used at other points in a product's existence, such as during product development, testing, and marketing. However, the primary purpose of market research is to gather information that can be used to make informed decisions about a product's potential success in the marketplace, and this is particularly important when introducing a new or altered product.

Market Research Can Be Used at Almost Any Point in a Product's