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CHAPTER 5 · ROUND 1

Chapter 5 · Question 1.1

Key Idea

Beginner Knowledge. You have 60 seconds. Choose the one best answer. This question develops practical judgment in competition, marketing, and basic business judgment.

A corner coffee shop has recently lost customers. A staff member says, 'People's tastes have changed,' while someone notices that a new coffee shop at the same price level opened across the street. How should this signal be viewed first?
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