The question "What do customers want?"
A) is not relevant because customers will show their preferences through their behaviour.
B) must be asked by managers, and an accurate answer obtained and understood, since it's the driving force behind generating profit.
C) can be outsourced to a market research company.
D) is best answered by ensuring that certain managers are educated in Marketing.
Correct Answer:
Verified
Q46: Analyzing key success factors leads one to
Q47: The question "What does a firm need
Q48: Understanding the competitive forces in an industry
Q49: Bargaining power rests, ultimately, on
A)the negotiating skills
Q50: The relative bargaining power of buyers depends
Q52: Market and industry are
A)very specific economics terms
Q53: In practice, drawing the boundaries of industries
Q54: The value to managers of understanding key
Q55: Porter's 5 Forces model was based on
Q56: An industry's current profitability
A)on its own tends
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