Final answer:
Demanding or domineering customers generally have set expectations and are often unwilling to consider alternatives, which can impact market dynamics and business strategies.
Step-by-step explanation:
The statement that demanding or domineering customers have definite ideas about what they want and are unwilling to compromise or accept alternatives is generally true. These types of customers often have specific expectations and are not easily swayed by other options that do not meet their precise requirements. It's essential for businesses to recognize and understand how to engage with such consumer behavior that may influence demand dynamics and market competition. Poor early design decisions can result in products that fail to satisfy these adamant customers, while understanding and adapting to their needs can be key for business success. Moreover, the principle of supply and demand indicates that there are natural limits to the effects of price on consumer demand, with gradual adjustments occurring as information spreads and market conditions change, such as in monopolistic competition where product differentiation plays a role.