If Middle-Class Consumers' Ability to Buy Is Low and Their

question 5

Multiple Choice

If middle-class consumers' ability to buy is low and their needs are global,a company can develop which type of strategy to better serve them:

• A) Shape or localize
• B) Reinvent the business model
• C) Create a platform
• D) Target niche

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Definitions:

Bureaucracy

A formal organization in which each person has specific duties and responsibilities and is assigned to only one supervisor.

Favoritism

The practice of giving unfair preferential treatment to one person or group at the expense of others.

Group Dynamics

The study of the behaviors and psychological processes occurring within a social group, or the effects the group has on an individual's behavior and attitudes.

Human Relations

The study and management of how people interact within groups, particularly in a work setting, aiming to improve job satisfaction and productivity.