Global competition is placing new emphasis on some basic tenets of business. All of the following represent the major trends EXCEPT:
A) longer product life cycles.
B) importance of quality.
C) competitive prices.
D) innovative products.
E) shift of power from sellers' to customers' market.

Question

Quizplus · Accepted Answer

Global competition is placing new emphasis on some basic tenets of business. It is shortening product life cycles and focusing on the importance of quality, competitive prices, and innovative products. The power in the marketplace is shifting from a sellers' to a customers' market, and the latter have more choices because more companies are competing for their attention.

Global Competition Is Placing New Emphasis on Some Basic Tenets