When Considering Customer Needs and Wants,only Financial Measures Can Be

question 38

True/False

When considering customer needs and wants,only financial measures can be used,since they are easily measured.

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Definitions:

Predictable Variability

The expected or forecasted fluctuation in demand, supply, or other business variables that can be anticipated and planned for.

Demand

The amount of a product or service that consumers are willing and able to purchase at various prices.

Price Promotion

A marketing strategy that temporarily reduces the price of a product or service to stimulate consumer purchasing.

Low Demand

A situation where the desire and need for certain products or services are beneath expectations, often leading to surplus inventory and reduced sales.