When companies watch both their buyers and their competitors, they are called ________.
A) shell companies
B) market-centered companies
C) customer-centered companies
D) dummy companies
E) maquiladoras

Question

Quizplus · Accepted Answer

Market-centered companies are those that focus on both their customers and competitors in order to stay ahead of the game and address any emerging trends or threats in the market. A shell company is a business entity that exists solely on paper and has no actual business operations or assets. Customer-centered companies are those that prioritize the needs and desires of their customers above all else. Dummy companies are often used for fraudulent or secretive purposes. Maquiladoras are manufacturing plants that are typically located in Mexico, near the U.S. border, and specialize in assembly or other types of labor-intensive processes.

When Companies Watch Both Their Buyers and Their Competitors, They