Asked by Muzhar Farid on Sep 28, 2024

According to Peter Drucker,which of the following is most essential to defining the purpose and strategy of a business?

A) customer needs
B) value added profits
C) cross-cultural sales
D) production efficiencies

Peter Drucker

A highly influential management consultant, educator, and author, known as the father of modern management for his extensive works and principles on business management.

Customer Needs

The explicit and implicit factors that a customer seeks to fulfil when buying a product or a service.

  • Attain knowledge about the pivotal role of catering to customer needs within the framework of a marketing strategy.