This fact affects companies that make products in several ways:
1. Companies have to carefully understand their target market and produce products that appeal to them. If they create products that do not meet the needs of their intended customers, they may not sell enough to make a profit.
2. Companies need to segment their markets, which means dividing the total market into smaller groups of customers. This helps companies to identify the specific needs and wants of different groups and create products that match their preferences.
3. Companies have to take into account the competition in the market. If they produce products that are very similar to what other companies are offering, they may struggle to attract customers.
4. Companies need to invest in marketing to attract potential customers and promote their products. Effective marketing can help to convince customers to choose their products over those of competitors.
customers cannot purchase every product. How does this fact affect company's that make products?
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