Question

How does marketing shape the products that businesses provide?

(1 point)
Responses

Marketing defines the requirements for a given product.

Marketing defines the requirements for a given product.

Marketing requires that businesses interact with consumers.

Marketing requires that businesses interact with consumers.

Marketing is only possible after the product is fully developed.

Marketing is only possible after the product is fully developed.

Marketing helps businesses determine what customers will want in the future.

Answer 1

pick an answer provided

Answer 2

Marketing plays a crucial role in shaping the products that businesses provide by influencing the design, features, pricing, and distribution of the products. Market research conducted by marketing teams helps businesses understand consumer needs, preferences, and behaviors, which in turn guides product development. Marketing also helps businesses communicate the benefits of their products to consumers, creating demand and influencing purchase decisions. Additionally, marketing helps businesses stay competitive by identifying trends and predicting future consumer preferences, enabling them to innovate and create products that meet changing market demands. In essence, marketing not only shapes the products that businesses provide but also plays a key role in driving product success in the market.