Which of the Following Best Explains Why Consumers Have Greater

question 145

Essay

Which of the following best explains why consumers have greater power and control in today's marketplace?
A. The production concept and competition have lowered prices.
B. Implementation of the product concept has resulted in continually improving products.
C. Customer-driven marketing creates products and services that meet customers' future needs.
D. More companies are implementing social marketing and weighing long-term costs and benefits.
E. Through new communication technologies, customers have more information about brands and a wealth of platforms for airing and sharing their views with other consumers.

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Definitions:

Billionaires

Individuals whose net worth or wealth is equal to or exceeds one billion units of a currency, often reflecting significant economic influence or power.

Tax Cuts

Tax cuts refer to reductions in the amount of taxes owed by individuals or corporations, often implemented to stimulate economic growth.

National Income

Net domestic product minus indirect business taxes.

Property Owners

Individuals or entities that hold legal title to land, buildings, or other types of real estate.