The statement "marketing research helps managers gauge the perceived value of their goods and services, as well as the level of customer satisfaction." is True
This is further explained below.
<h3>What are
goods and services?</h3>
The output of an economic system includes things such as the production of commodities and provision of services.
Goods are tangible items that are offered for purchase by customers, in contrast to services, which are defined as any actions that are carried out for the purpose of benefiting the receivers.
Goods include a wide variety of products, including automobiles, home appliances, and clothing, amongst others.
To name only a few instances of services, there is the provision of legal counsel, the cleaning of homes, and the delivery ofconsulting services.
In conclusion, The assertion that "marketing research assists managers in determining the level of customer satisfaction in addition to the perceived worth of their goods and services" is accurate.
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