A key strategy that has enabled companies to successfully meet the demands of empowered consumers is:

Question

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Empowered consumers are looking for personalized experiences and are not afraid to voice their opinions on social media. Collaborating with customers, involving them in the product development process, and taking their feedback seriously can go a long way in satisfying their demands. This approach also creates a sense of ownership among consumers, which increases their loyalty towards the brand. Lower prices and better quality are important, but they do not necessarily address the demands of empowered consumers. 24-hour service may be helpful, but it is not the key strategy for meeting the demands of empowered consumers.

A Key Strategy That Has Enabled Companies to Successfully Meet