To remain market competitive, companies should develop strategies that focus on core competencies, providing synergy and creating value for _____.
A) customers
B) suppliers
C) stockholders
D) employees
E) board members

Question

Quizplus · Accepted Answer

The focus of market competition is generally on providing value to customers in order to attract and retain them, so it makes sense for companies to develop strategies that prioritize meeting the needs and preferences of customers. While suppliers, stockholders, employees, and board members are all important stakeholders, ultimately the success of a company hinges on its ability to satisfy and engage customers.

To Remain Market Competitive, Companies Should Develop Strategies That Focus