Two Factors Should Be Considered When Trying to Understand How

question 40

Multiple Choice

Two factors should be considered when trying to understand how important serving customers well should be to any given organization. The first factor is the competitiveness of the marketing environment, and the second is the _____.

• A) price charged for the product or service
• B) income level of customers
• C) social impact
• D) dependency of the marketer on repeat business
• E) objectives of the marketer

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Definitions:

Progress

The process of developing or moving forward towards a more advanced state.

Productivity Advantage

The benefit gained in output or efficiency when individuals, companies, or countries can produce goods or services at lower costs compared to others.

Digital Technology

Electronic tools, systems, devices, and resources that generate, store, or process data, including computers, mobile devices, and the internet.

Productive Activity

An action or task that generates a valuable output or result, contributing to goals or objectives.