A(n) _______ Is a Method or Process Worked Out in Advance

question 39

Multiple Choice

A(n) _______ is a method or process worked out in advance that leads to the achievement of some goal.

• A)organization
• B)KIND technique
• C)conflict
• D)plan
• E)mission statement

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Definitions:

Consumer Demand

The desire and willingness of consumers to purchase goods and services at various price points, driving the market dynamics for those goods and services.

Profitability

The ability of a company to generate earnings more than its expenses and costs, determining its financial success and viability.

Latent Need

A customer's unrecognised or subconscious need that has not yet been identified or addressed by companies.

Critical Needs

Fundamental requirements identified by customers that must be addressed by a product or service for it to be considered viable and satisfactory.