In Tough Times,consumers May Change What They Want and Can

question 130

True/False

In tough times,consumers may change what they want and can afford,where and how they shop,even what they want to see and hear from a firm.

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Definitions:

Disruptive Change

Significant alteration that drastically impacts the way a sector operates, often leading to the creation of new markets and the decline or transformation of existing ones.

Unplanned Change

Modifications or adjustments that occur without forethought or intention, often in response to immediate circumstances or emergencies.

Bottom-Up Change

Change initiatives come from all levels in the organisation.

Top-Level Managers

Senior executives responsible for the overall direction and success of an organization.