How have large businesses traditionally gauged customer tastes and preferences?
A)by analyzing large amounts of historical data
B)by conducting short market experiments
C)by surveys and questionnaires
D)by asking employees

Question

Quizplus · Accepted Answer

Large businesses have traditionally gauged customer tastes and preferences by analyzing large amounts of historical data. This data is usually collected through sales records, customer feedback, and market research to identify patterns and trends. Using this information, businesses can make informed decisions about their products, services, and marketing strategies to better meet the needs and preferences of their customers.

How Have Large Businesses Traditionally Gauged Customer Tastes and Preferences