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The usual source for new products is_____.

  • The usual source for new products is Marketing research.
  •  
  • Marketing research is the process of collecting, analyzing, and interpreting data related to a market, product, or service in order to inform marketing decisions.
  • This research can provide valuable insights into customer needs, preferences, and behaviors, and can help companies identify new product opportunities.

For example, marketing research can be used to:

  1. Determine customer needs and preferences
  2. Identify unmet customer needs
  3. Evaluate market potential for new products
  4. Assess consumer interest in new product concepts
  5. Measure consumer reaction to new product prototypes