Chapter 11, Problem 6AA

To determine

To state: Correct word to complete the sentence.

Answer to Problem 6AA

The correct word to complete the sentence is crucial.

Explanation of Solution

For any business, customer is the king. Customer wants and needs should be a top-notch priority for marketers and producers. They must be aware of the needs and demands of the consumers so as to make products that give them full satisfaction because the success of any business solely depends on its customer base. If it manages to create a strong customer base, it can easily help them to survive in the market.

Economics Concept Introduction

Introduction: Knowledge about customer needs and demands is the most important part for any business because that is the basis on which products are manufactured.