What approach deals with an organization responding to the environment because of the preferences of its customers?
A) stakeholder approach
B) market approach
C) legal approach
D) activist approach

Question

Quizplus · Accepted Answer

The market approach is focused on responding to customer preferences and market demand in order to achieve competitive advantage and success. This approach involves analyzing customer needs and desires, and adapting organizational strategies and offerings accordingly. The focus is on satisfying customers and generating revenue. A stakeholder approach takes into account a broader range of stakeholders, including employees, suppliers, and the community, in addition to customers, while a legal approach focuses on adhering to legal regulations and requirements. An activist approach involves taking a proactive stance on social or environmental issues, often advocating for change in the external environment.

What Approach Deals with an Organization Responding to the Environment