Before oberweis began to sell its new waffle bowls company-wide, the company offered them in only one store in the st. louis market. this process of learning how well the market likes a new product is part of

Question

Business

Guest

12 November, 23:24

Before oberweis began to sell its new waffle bowls company-wide, the company offered them in only one store in the st. louis market. this process of learning how well the market likes a new product is part of

+4

Answers (1)

Know the Answer?

Raven · Answer 1

The process of learning of how well the market likes the new product is a part of test marketing. This is an experiment that are being conducted in the marketing field in means of having to ascertain the reaction of the consumers in having to involved them with their evaluation exercises without their knowledge.