Question
Business Studies Question on Business Finance and Marketing
Nowadays customers have become well aware about the different varieties of product available in the market. Before purchasing the product, the customers read the reviews about the product, compare the prices of different varieties available etc.
The above case refers to the impact of government policy changes on businesses. Identify the correct option.
A
Increasing competition
B
Rapidly changing technological environment
C
More demanding customers
D
Market orientation
Answer
More demanding customers
Explanation
Solution
The correct option is (C) :More demanding customers.