According to Peter Drucker,which of the following is most essential to defining the purpose and strategy of a business?
A) customer needs
B) value added profits
C) cross-cultural sales
D) production efficiencies

Question

Quizplus · Accepted Answer

According to Peter Drucker, understanding and meeting customer needs is the most essential factor in defining the purpose and strategy of a business. This is because the ultimate goal of any business is to satisfy the needs of its customers and create value for them. Profit, production efficiencies, and cross-cultural sales are important considerations, but they should always be secondary to meeting customer needs.

According to Peter Drucker,which of the Following Is Most Essential