To be successful in today's markets,businesses must:
A)provide the greatest variety of products to consumers.
B)spend more money on marketing and less on production.
C)focus their resources on understanding economic cycles.
D)delight customers with a quality product at a good price and outstanding service.

Question

Quizplus · Accepted Answer

In today's markets, businesses must focus on delivering quality products at a reasonable price, while also providing exceptional customer service to keep consumers satisfied and coming back. This helps establish a loyal customer base and can lead to long-term success for the business. Providing a wide variety of products may not be necessary or financially feasible, and prioritizing marketing over production may lead to inferior products that do not meet customer expectations. Understanding economic cycles can be helpful, but it is not the primary factor in determining a business's success.

To Be Successful in Today's Markets,businesses Must