Market research answers what important question for the small business owner?
A)How shall I set up my distribution system?
B)What should my goals and objectives be in my marketing plan?
C)Who are my customers and what are they looking for?
D)What form of business ownership would be most effective in this market?

Question

Quizplus · Accepted Answer

Market research helps a small business owner to identify and understand their target audience, their needs, preferences, and behavior. This information is critical to creating effective marketing strategies and building products or services that meet the customer's demands. Options A, B, and D are relevant but not as crucial as identifying the target audience.

Market Research Answers What Important Question for the Small Business