A Low Price Product Can Be Highly Profitable If the Seller

question 12

True/False

A low price product can be highly profitable if the seller is organized to deliver value.

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Definitions:

Paradigm Shift

A fundamental change in the approach or underlying assumptions of a particular field or discipline.

Flatter Organizational Structure

An organizational design with fewer levels of hierarchy, encouraging better communication and faster decision-making between upper management and employees.

Customer Service

The assistance and support provided by a company to the people who buy or use its products or services.

Flexibility

The ability of an individual or organization to adapt to changes or unforeseen circumstances quickly and efficiently.