The choice between pleasing all consumers and remaining profitable-thus surviving-defines one of the most difficult dilemmas facing business.

Question

Quizplus · Accepted Answer

The statement is true as businesses often struggle to strike a balance between meeting the needs and demands of consumers while also maintaining profitability to sustain their operations. Pleasing all consumers may not be feasible, as different consumers have varying needs and preferences, hence businesses often have to make tough decisions on which consumers to prioritize and which products or services to offer in order to remain viable.

The Choice Between Pleasing All Consumers and Remaining Profitable-Thus Surviving-Defines