The question "What do customers want?":
A) Is not relevant because customers will show their preferences through their behavior
B) Must be asked by managers, and an accurate answer obtained and understood, since it's the driving force behind generating profit.
C) Can be addressed by an extremely good Market Research company.
D) Is best answered by ensuring that certain managers are educated in Marketing.
Correct Answer:
Verified
Q15: Industries exhibit strong differences, such as the
Q16: Which characteristics differentiate industries such as, on
Q17: The question "What does a firm need
Q18: Key success factors are:
A)Factors that lead a
Q19: An industry "direct modeling of profitability" is
Q21: Economies of scale are a barrier to
Q22: A "Duopoly" is:
A)The closest structure to Imperfect
Q23: In practice, drawing the boundaries of industries
Q24: A market's boundaries are defined by:
A)The geographies
Q25: In an industry, the profits earned by
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