BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Businesses that successfully adapt to current market situations often realize that:
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more financing is necessary
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diversification is the key
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cutting costs is important
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change is an opportunity
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Explanation:
Detailed explanation-1: -Businesses that successfully adapt to current market situations often realize that: change is an opportunity.
Detailed explanation-2: -Stay attuned to your target customers’ needs. Adapting to market changes means keeping the people you serve top of mind. Doing so will help you to create more meaningful products and services. So get familiar with your target audience beyond the numbers.
Detailed explanation-3: -Because of Economy Matters Ups and downs are common in economic conditions, and businesses must adapt to change accordingly. Whether the economic conditions get better or poor, it affects the business of all types. Better economic conditions increase the demand or products and services.
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