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Questions and Answers
What is the primary focus of a production-oriented business?
What is the primary focus of a production-oriented business?
- Customer needs and wants
- Societal and environmental welfare
- Market trends and competition
- Production and manufacturing efficiency (correct)
Which business orientation is most concerned with satisfying customer needs and wants?
Which business orientation is most concerned with satisfying customer needs and wants?
- Product orientation
- Societal orientation
- Marketing orientation (correct)
- Production orientation
What is the main goal of a company with a product orientation?
What is the main goal of a company with a product orientation?
- Minimize production costs
- Maximize market share
- Develop high-quality products (correct)
- Reduce environmental impact
Which business orientation is most focused on the well-being of society and the environment?
Which business orientation is most focused on the well-being of society and the environment?
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What is the key difference between a production-oriented and marketing-oriented business?
What is the key difference between a production-oriented and marketing-oriented business?
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