TOZZIBLINKZ
VIP Contributor
A lot of business owners today who run and owned companies and even manage a sole proprietorship businesses , are unaware of how to determine the taste of their consumers when it comes to the act of buying and selling of goods and services . Knowing the taste of your consumers or customers helps you focus on products which are more likely to make sale and earned more profit for you . To be more elaborate please consider and example of a bread seller . The bread seller deals on selling different types of bread ranging from the price of $20 to $50 , and in the course of marketing his bread product to the public , he discovers that his consumers are drawn to buy or purchase bread with the $20 price , maybe because of the price is low or the quality of the bread is good .
Whatever their reasons maybe for buying the $20 bread , it serves as an information and also serves as a determinant to the bread seller to increase production of the bread whose price is $20 , since his consumers and the members of the public have tastes for it . So with the above illustration , knowing your consumers taste makes it efficient for you to market and produced a particular product , consumer test is considered as a factor for business profit .
Whatever their reasons maybe for buying the $20 bread , it serves as an information and also serves as a determinant to the bread seller to increase production of the bread whose price is $20 , since his consumers and the members of the public have tastes for it . So with the above illustration , knowing your consumers taste makes it efficient for you to market and produced a particular product , consumer test is considered as a factor for business profit .
