Sustained Recovery Is Not Likely When

question 16

Multiple Choice

Sustained recovery is not likely when:

• A) There are fewer causes of decline
• B) The crisis is not deep-rooted
• C) Customers have moved to using a substitute product
• D) There is support from key stakeholders for the changes required

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Definitions:

Business

The activity of making one's living or making money by producing or buying and selling products or services.

Buying Motives

The psychological triggers or driving forces that prompt a consumer to make a purchase decision.

Specialty Products

Unique and high-value products that consumers are willing to make extra effort to search for and buy, often characterized by brand image and quality.

Shopping Products

Goods that consumers purchase after comparing quality, price, and style from different sellers, making an informed decision.