Explain why it is important for producers to conduct market research.

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Social Studies

Kennedi Rowland

17 October, 04:06

Explain why it is important for producers to conduct market research.

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Isabell Fritz · Answer 1

It is important for producers to conduct market research because if producers are able to know and get an understanding of what consumers will buy, they will be able to know what products they can sell. Producers will know the wants and needs of consumers by conducting market research and so they can make plenty of sales and allow their business to grow.