Which of the Following Best Explains Why Consumers Have Greater

question 99

Multiple Choice

Which of the following best explains why consumers have greater power and control in today's marketplace?

• A)Through new communication technologies,customers have more access to information and more methods of sharing their opinions with other customers.
• B)More companies are implementing societal marketing and weighing long- term costs and benefits.
• C)Customer- driven marketing creates products and services that meet customers' future needs.
• D)The production concept and competition have lowered prices.
• E)Implementation of the product concept has resulted in continually improving products.

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Definitions:

Statistical Analysis

The process of examining data sets to draw conclusions about the information they contain, using statistical methods.

Summarizing

The act of condensing the main points of a larger piece of text or conversation into a brief overview.

Paraphrasing

The act of rewording or rephrasing text while maintaining the original meaning.

Distills Content

The process of condensing information or data to its most essential parts or key points, making it clearer and more understandable.