GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How do businesses aim to satisfy the needs and wants of individuals and organizations?
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Creating a product
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Providing a service
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Extracting raw materials
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All of the options
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Explanation:
Detailed explanation-1: -Create products or services that appeal to the customer, whilst meeting their expectations; Optimise customer service relations, because understanding your customer’s needs will help you better identify how to resolve their problems; Anticipate future customer needs.
Detailed explanation-2: -The best way to identify their needs is to take an organized approach. Some refer to this as a customer needs analysis, which provides you with valuable insights about your target audience. Common methods for discovering what customers want include focus groups, social listening, and keyword research.
There is 1 question to complete.