Question: How does the market-driven approach help minimize costs? It does not minimize costs due to the large financial investment in market research. The organization ensures

How does the market-driven approach help minimize costs?

It does not minimize costs due to the large financial investment in market research.

The organization ensures that few people are allowed to sell their ideas internally.

The organization only surveys a limited number of consumers.

The organization does not spend resources on services that are not likely succeed.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!