Today, Customers Are Becoming Increasingly Powerful

question 78

True/False

Today, customers are becoming increasingly powerful.

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Definitions:

Chance of Success

The probability or likelihood that a specific action, endeavor, or strategy will lead to a desirable outcome or achieve specific goals.

Entrepreneurial Venture

A new business or startup that is initiated by an entrepreneur with the aim of seeking innovation, growth, and profit.

Entrepreneurs

Individuals who create, organize, and manage a new business or enterprise, taking on greater than normal financial risks in order to do so.

Administrators

Individuals responsible for the management and operation of organizations or systems, overseeing the implementation of policies and achievement of objectives.