Final answer:
The 4C Model targets Customer, Cost, Convenience, and Communication, which are essential for businesses to address in competitive markets. Communication is a key skill in various sectors, underpinning customer relations and financial literacy.
Step-by-step explanation:
The 4C Model in business and marketing focuses on four key areas that companies must target to effectively meet the needs of their customers while also ensuring profitability and efficiency in their operations. These areas are Customer, Cost, Convenience, and Communication. In a market that strives for perfect competition, meeting these four areas efficiently can contribute to a company's success, though achieving perfect competition is difficult as it requires strict conditions. Effective communication is not only pivotal for the 4C model but is also a crucial skill across various industries, including engineering, as it directly relates to customer relations and understanding financial literacy.