If a Firm Pays Closely to the Needs of Its

question 12

True/False

If a firm pays closely to the needs of its existing customers,it is unlikely to be blindsided by disruptive technologies.

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Definitions:

Buying Power

The capacity of an individual or organization to purchase goods and services, often influenced by income, credit availability, and economic conditions.

Economic Impact

The effect of an event, policy, or market condition on the economy, affecting factors such as employment, income, and economic growth.

Individualism

The principle or habit of being independent and self-reliant, often prioritizing personal goals over those of a group.

Gender Neutrality

The concept of designing and providing services or facilities that do not discriminate based on gender.