Which of the following is NOT a crack in the product-centric approach?1 pointDeregulationSmart customersRetail saturationCustomer attritionGlobalization
Question
Which of the following is NOT a crack in the product-centric approach?
1 point
- Deregulation
- Smart customers
- Retail saturation
- Customer attrition
- Globalization
Solution
The question asks for the option that is NOT a crack in the product-centric approach. The product-centric approach is a business orientation that focuses on the product an enterprise makes rather than the customer.
Here are the options:
- Deregulation: This could be a crack in the product-centric approach as it might lead to more competition, forcing companies to be more customer-centric.
- Smart customers: This is definitely a crack in the product-centric approach. Today's customers are informed and have a lot of choices, so companies need to focus on customers' needs and preferences.
- Retail saturation: This could be a crack in the product-centric approach. With so many products in the market, companies need to differentiate themselves by being more customer-centric.
- Customer attrition: This is a crack in the product-centric approach. If a company is not focusing on its customers, it may lose them to competitors.
- Globalization: This could be a crack in the product-centric approach as it might force companies to adapt their products to different markets and cultures, thus becoming more customer-centric.
So, the option that is NOT a crack in the product-centric approach is "Deregulation". This is because deregulation is a political or economic policy decision to remove or reduce government regulations in an industry, and it doesn't directly relate to the product-centric approach.
Similar Questions
Which of the following is NOT a crack in the product-centric approach?1 pointDeregulationSmart customersRetail saturationCustomer attritionGlobalization
Fill in the Blank QuestionFill in the blank question.The break-even point can be expressed as sales in or .
Which of the following is NOT a market segmentation approach?Multiple choice question.GeographicProductDemographicPsychographicBenefit
Segmentation is done _____ To target customersTo please customersTo approach customers To maintain customers
The customer needs that allows a company to get into the market are called ___________(1 Point)performance needsexcitement needsbasic needsNone of these
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.