A Fatal Flaw Is a Circumstance or Development That, in and of Itself

question 9

True/False

A fatal flaw is a circumstance or development that, in and of itself, could render a new business unsuccessful.

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Definitions:

Firm's Profits

The net income that remains after a company subtracts its expenses from its revenues, indicating its financial success.

Postpurchase Stage

The phase in the consumer buying process that occurs after a purchase is made, involving activities such as product use, evaluation, and forming future purchase intentions.

Repeat-Purchase Behavior

The act of customers repeatedly buying the same brand or product, often influenced by satisfaction, loyalty, or habit.

Consumer Communications

The process and methods used by companies and organizations to convey information to and engage with current and potential consumers.