Critique of a Reactive Product Strategy
A fellow student argues, "The best way to ensure a product succeeds is to ask customers exactly what they want and then build it for them. It's a guaranteed sale." Based on the business philosophy that emphasizes anticipating future needs, explain why this "guaranteed sale" approach can be a flawed long-term strategy for a company in a fast-changing industry.
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Social Science
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Economy
CORE Econ
Economics
Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
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