Do you agree that in the market place the consumer is king?

Answer 1

yes.the consumer determine the success and failture of every commercial and industrial enterprise.consumer are sources of repeat sales and also source of testimonies and reference.for every marketing plan to be adequate whether from producer or middlemen point of view it must begain with the consumer.this is because it is in satisfying the want and need of the consumer that a marketer justify existence under our economic system the ultimate consumer('one who make use of good to satisfy his personal or household need')within the limit set by is income is relatively free to consumed what he please.because of his freedom manufacturers and middldmen if they are to make profit and justify their estistance must satisfy the consumer want.the retailer must endeavour to offer the good the consumer want when he want it.how he want it where he want it.and at the price he is able and willing to pay.the same rule also applies to the manufacture he should adopt his policies and method to the interest of the consumer.with all this consumer is king.by chioma ejiofor peace.desul 2010

Answer 2

Consumers DO have the ultimate power to control the market, and not just the market but of the entire economy. This is due to the fact that consumer creates demand, which in most cases create Supply (although arguable.)

For example, if the entire population suddenly stops buying coffee then the entire coffee industry will go down (since nobody is buying it.)

Answer 3

Yes. Customer is the king in all industries. Customer satisfaction is one of the primary goals of all companies without which there would be no sustained business and revenue.

Answer 4

Nope. Nobody's king