Answered

At Westonci.ca, we connect you with the best answers from a community of experienced and knowledgeable individuals. Our platform provides a seamless experience for finding reliable answers from a knowledgeable network of professionals. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

Question 24 of 32
The XYZ Company may eliminate one of its product lines that isn't selling very
well. The company decides to hire a firm to do market research. Why is the
XYZ Company willing to invest in this type of research?
A. To determine whether to be a producer of goods or services
B. To understand what people want
C. To raise prices on its goods
D. To raise prices on services

Sagot :

michell96

The correct answer is B. To understand what people want.

Explanation

A market study is a tool to collect information about the public's preference for a product. In addition, with this tool, you can analyze where you are concerning your competitors. Generally, this tool is intended to improve your business strategies thereby increasing your competitiveness. Therefore, a market study is a great option for the XYZ company, because it can replace its products that do not sell very well with others that are demanded by the public. So the correct answer is B. To understand what people want.

Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.