____ Refers to Satisfying Current and Emerging Customer Needs

question 35

Multiple Choice

____ refers to satisfying current and emerging customer needs.

• A)Responsiveness
• B)Flexibility
• C)Relevancy
• D)Accommodation

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Definitions:

Jobless Recovery

A situation where the economy begins to recover from a recession, but the unemployment rate remains high or continues to increase.

Recognition Lag

Recognition Lag is the time delay between when an economic problem becomes apparent and when it is recognized by policymakers.

Stimulus Package

A collection of fiscal and monetary policies implemented by a government to stimulate a struggling economy.

Fiscal Policy

Governmental adjustments in spending levels and tax rates aimed at influencing economic activity.