Question

Product market stakeholders include the firm's customers, and the principal concern of this stakeholder group is?

1) maximizing the firm's return on investment
2) receiving the highest-quality products and services in the industry
3) obtaining reliable products at the lowest possible price
4) increasing the profitability of the firm

Answer 1

The principal concern of the firm's customers in the product market is obtaining reliable products at the lowest possible price.

Step-by-step explanation:

The principal concern of the firm's customers, who are stakeholders in the product market, is obtaining reliable products at the lowest possible price. Customers in the product market are interested in getting good value for their money and are often price-sensitive. They want to purchase products that meet their needs and expectations while minimizing their expenses.