Bachelor of General Studies (BGS) Degree Practice Exam 2026 - Free BGS Practice Questions and Study Guide

Question: 1 / 400

How can customers exercise their economic stakeholder power?

By participating in shareholder meetings.

By boycotting products if prices are too high.

Customers can exercise their economic stakeholder power by boycotting products if prices are too high because this action directly impacts a company's revenue and market demand. When customers choose to avoid purchasing certain products, they send a message to the company regarding dissatisfaction with pricing or perceived value. This sort of collective withdrawal of support can compel businesses to reconsider their pricing strategies to retain customers, demonstrating the influence that consumers have in the market.

Boycotting illustrates a form of economic protest; it uniquely empowers customers by allowing them to take action that can potentially lead to changes in corporate behavior. This response demonstrates the influence of consumer decisions on business practices and highlights how market dynamics can shift based on customer reactions.

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By providing feedback on products.

By joining consumer advocacy groups.

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