In seeking competitive advantage, the first law of business is to
A)take care of your shareholders.
B)take care of your stakeholders.
C)take care of the customer.
D)take care of the environment.
E)take care of your employees.

Question

Quizplus · Accepted Answer

The first law of business is: Take care of the customer.Without customers, whatever they're called, sooner or later there will be no organization.This is known as responsiveness to customers, an important component of competitive advantage.

In Seeking Competitive Advantage, the First Law of Business Is