How does the market-driven approach help minimize costs?
A) The organization only surveys a limited number of consumers.
B) The organization ensures that few people are allowed to sell their ideas internally.
C) It does not minimize costs due to the large financial investment in market research.
D) The organization does not spend resources on services that are not likely succeed.

Question

Quizplus · Accepted Answer

The market-driven approach helps minimize costs by focusing resources on services or products that have a higher likelihood of success, thereby avoiding expenditure on less promising ventures.

How Does the Market-Driven Approach Help Minimize Costs