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Consumer Sovereignty

Consumer Sovereignty. Social Studies/Economics. Descriptive Overview:. In a free enterprise system, the consumer determines whether any business succeeds or fails. Therefore, businesses compete with each other for the consumer-driven market of goods and services. Lesson Objectives/Goals:.

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Consumer Sovereignty

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  1. Consumer Sovereignty

    Social Studies/Economics
  2. Descriptive Overview: In a free enterprise system, the consumer determines whether any business succeeds or fails. Therefore, businesses compete with each other for the consumer-driven market of goods and services.
  3. Lesson Objectives/Goals: Students will be able to: restate the value of consumer sovereignty; give examples of the “power of the customer/consumer” understand the value of continuous improvement in business.
  4. Key Questions: What factors must businesses consider to attract customers and why? What is the cost of poor customer relations? What are some general improvement strategies businesses can practice on a continuous basis?
  5. Terminology/Vocabulary: consumer customer sovereignty status quo free enterprise continuous improvement
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