Translating product levels into managerial decisions is an important exercise for marketers.________ refers to having an awareness of why consumers buy and use a product.
A)Specialize
B)Adapt
C)Experiment
D)Understand

Question

Quizplus · Accepted Answer

Understanding why consumers buy and use a product is crucial for marketers to make informed decisions about product development, pricing, promotion, and distribution. Without this understanding, marketers may struggle to appeal to their target audience and may miss out on opportunities to grow their market share. Therefore, the ability to understand consumer behavior is a valuable skill for marketers at all levels.

Translating Product Levels into Managerial Decisions Is an Important Exercise