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Banks and providers that give credit do. Sellers of guns and wholesale drugs are required to by law.

2007-05-13 00:35:28 · answer #1 · answered by meg 7 · 0 0

Yes they do because the knowledge of characters , tastes, preferences, incomes, buying habits of the potential consumers are the key to the success of any business. But not that they are always able to do that the best poosible way and some businessmen gather more knowledge than others do. That is why some companies succeeed and some companies fail. Of course companies can fail for other reasons as well. All this is true of course only for market economies where there are competitive and contestable markets. This does not apply for socialist/ communist or State controlled and dictated pllanned economies. In these later group of countries, consumers have to accept what the State arranges to produce and sell at govt. determined prices.

2007-05-13 05:28:22 · answer #2 · answered by sensekonomikx 7 · 0 0

Well, there is such a thing as market research. If the company can't be bothered to test their product on their prospective market, then bully for them!

Sandy

2007-05-12 21:57:15 · answer #3 · answered by Sandy M 5 · 0 0

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