Question

Which statement best explains why producers conduct market research? Predicting what the government will do helps producers reduce costs. Understanding market forces enables producers to make free choices. Knowing what consumers want helps producers make more money. Anticipating trends makes it easier to distribute goods and services.

Answer 1

Answer:

Knowing what consumers want helps producers make more money.

Explanation:

The statement that best explains why producers conduct market research would be that Knowing what consumers want helps producers make more money. If the producers know exactly what the consumers want and how much then they can easily create those products knowing that they will sell every last one of them. Therefore eliminating most of the risk involved with production and generating more profit.