Explain how market research producers maximize profits.

Market research helps producers to maximize profits by exploring the environment and define the needs to be satisfied, the fair price and the strategies used to be successful.

Explanation:

In the first place, marketing is a very important department in each company because it helps the company identifies the needs it's target's clients have. Also, to identify the fair price they are disposed to pay to satisfy their needs and also the best strategy to reach them. So, basically without marketing, there is no efficiency, even though the product is brilliant.

answer; planning;