Question

Lawn Innovation is a company that designs and manufactures lawn equipment. The company wants to create a new multipurpose tool that can perform three lawn tasks: trim brushes, edge lawns, and cut branches. Before making such a product, the company should use ________ to determine whether customers would buy this product and how much they would pay for it.

Answer 1

Answer:

The correct answer is letter "B": marketing research.

Explanation:

Marketing research is the study companies make before launching a product or service by which they gauge how successful could be the product in the market. The marketing research is the indicator that will determine if the goods will be produced or not. This study is also helpful at the moment of determining the target market of the firm and its scope, as well as the approximate price that consumers would pay for the product.