Successful Businesses Constantly Monitor Consumer Wants and Needs

question 232

True/False

Successful businesses constantly monitor consumer wants and needs.

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Definitions:

Capitalist System

An economic system characterized by private or corporate ownership of capital goods, where investments, production, and distribution are driven by market forces.

Cultural Capital

Non-financial social assets such as education, intellect, style of speech, dress, or physical appearance that promote social mobility beyond economic means.

Socioeconomic Class

A division of a society based on social and economic status, often categorizing people by income, education, and occupation.

Parents

Caregivers of offspring in their own species; in humans, this usually refers to the father and mother of a child.