Question

This plays an important role in determining when to release a new phone or film and the best times to keep the business open for maximum foot traffic as related to the economic utility of time.

(1 point)
Responses

political events

political events

seasonal changes

seasonal changes

employee input

employee input

market research

Answers

Answer
No matter which markets they serve, all private enterprises have one goal—to maximize what?

(1 point)
Responses

indicators

indicators

price

price

profits

profits

labor

labor
Answer
well?
Answered by GPT 3.5
Correct! Market research is an important factor in determining when to release a new phone or film and the best times to keep the business open for maximum foot traffic. It helps businesses understand consumer preferences, market trends, and demand patterns, which are crucial in making strategic decisions related to the economic utility of time.

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