Despite the Pressures of Consumerism, Why Do Firms NOT Always

question 65

Multiple Choice

Despite the pressures of consumerism, why do firms NOT always give in to consumer demands?

• A) because consumers seldom know what they are talking about
• B) because in order to survive, firms must achieve reasonable profit objectives
• C) because consumers represent only a small segment of the total market
• D) because the demands of individual consumers represent little power in the marketplace

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Definitions:

Crop Yield

The amount of crop (in terms of weight or volume) that is harvested per unit of land area.

Global Climate Change

Refers to the long-term alteration of temperature and typical weather patterns in a place that can lead to severe environmental and health impacts.

Nonpoint Source

Pollution that cannot be traced back to a single source or location, often resulting from runoff that collects pollutants from widespread areas.

Pesticides

Chemical agents used to kill or control pests that damage crops and spread diseases, including insecticides, herbicides, and fungicides.