Which of the following helps producers figure out what customers want?

Which of the following helps producers figure out what customers want?

Market research tells producers what consumers want and what they’re willing to pay. Market research lets producers predict what laws the government is planning to make.

Which best describes how consumers let producers know what they want to buy?

Which best describes how consumers let producers know what they want to buy and how much they’re willing to pay? The purchases consumers make indicate their desires to producers.

How do producers try to better understand their consumers?

1.3 How do producers try to better understand their consumers? They know they must create complementary products because utility states that consumers will be drawn to products with complements.

Which of the following best explains how consumers purchase influence the decisions of producers?

Which best explains how consumers’ purchases influence the decisions of producers? Producers can figure out what consumers are willing to pay based on what they buy. Knowing what consumers want helps producers make more money.

Which of the following helps producers make food?

Producers make their own food through the process of photosynthesis instead of eating organic matter. Sunlight is what plants use to make ATP. In addition to energy from the sun, autotrophs use carbon dioxide and water to produce oxygen and organic compounds like sugars.

Which is a producer’s goal in using market research?

Market research allows producers to create trends that lead to more sales. Market research helps producers understand market forces better. Market research tells producers what consumers want and what they’re willing to pay. Market research lets producers predict what laws the government is planning to make.

Which of the following best describes the role of producers in economics?

Producers make the goods and services that are sold in the economy. They also provide jobs for people who make the products or who provide the services. Producers include businesses, the government, and individuals.

Which of the following best explains how budgeting helps consumers reach their financial goals?

Which best explains how budgeting helps consumers reach their financial goals? Budgets allow consumers to control how much money they have going out for expenses. Short-term planning takes care of regular expenses in the near future while long-term planning involves saving for large purchases further in the future.

Which of the following best explains why consumers have greater power and control?

Which of the following best explains why consumers have greater power and control in today’s marketplace? Through new communication technologies, customers have more access to information and more methods of sharing their opinions with other customers.