Question
Listening to your customers In order to develop a better product is an example of __ effective marketing research effective distribution market capitalization promotion and public relations Need help? Revlew these concept resources. Read About the Concept
Answer
4.6
(387 Votes)
Zephyr
Professional · Tutor for 6 years
Answer
'O effective marketing research'
Explanation
## Step1: This question pertains to distinguishing different concept methods associated with business strategies and how they can improve product development.## Step2:Option 'O effective marketing research' highlights techniques where businesses give importance to the customers' feedback in their marketing mix elements to enhance their educated company picture, possibly driving a stronger product evolution. Based on the defined situation wherein businesses listen to their customers for product improvement and advancement, option 'O' is particularly applicable.## Step3: Option 'O effective distribution' can ensure that products are provided to customers cost-effectively and efficiently, but doesn't directly correlate with the instance given where businesses need to listen to their customers for product enhancement.## Step4: Option 'O market capitalization' corresponds to the overall market worth computation of the business, and therefore does not facilitate product improvement thinking about the customers' suggestions and reviews.## Step5: Option 'O promotion and public relations' don't particularly involve product enhancement based on customer responsiveness, these rather form a part of broader marketing and communication strategies.## Step6: Taking these considerations into view, the question of developing an enhanced product by listening to consumers appropriately relates under the technique of effective marketing research.