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Before introducing a ________, companies need to understand what customers want and need.
new product
Correct the mistake: "Our company has spent a lot on researching the sales market."
"Our company has spent a lot on market research."
Correct the mistake: "The product launching was delayed due to market issues."
"The product launch was delayed due to market issues."
Correct the mistake: "We should develop a business chances to grow the company."
"We should develop business opportunities to grow the company."
Correct the mistake: "The company decided to do a profit by selling a new product."
"The company decided to make a profit by selling a new product."
Name three collocations with the word "customer."
(Possible answers: Customer satisfaction, target customer, customer needs)
Name three collocations with the word "business."
(Possible answers: Run a business, business strategy, business opportunity)
Name three collocations with the word "product."
(Possible answers: New product, product development, launch a product)
What phrase means persuading someone to agree to a deal or sale?
Close the deal
What phrase means earning more money than you spend in a business?
Make a profit
What term describes designing and improving a product before it goes to market?
Product development
What do we call studying what customers want before launching a new product?
Market research
Which of the following is NOT related to "customer satisfaction"?
 
Cutting production costs
 
Resolving complaints
 
Understanding customer needs
 
Reward loyalty
What does "target market" refer to?
 
The people a product is aimed at
 
The company's sales figures
 
The total number of customers
 
The market you want to sell your product in
Which phrase means "introducing a new item to customers"?
 
Launch a product
 
Close the deal
 
Target market
 
Brand recognition
What does "market research" involve?
 
Understanding customer preferences and market needs
 
Tracking competitors’ profits
 
Launching an advertisement campaign
 
Selling research at the market
Which of the following is an example of "product development"?
 
Designing a new feature for an item
 
Hiring new staff
 
Setting sales targets
 
Rebranding a product
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