In Which Kind of Market Would a Production Orientation Be

question 65

Multiple Choice

In which kind of market would a production orientation be most successful?

• A)a buyer's market in which supply exceeds demand
• B)a market in which there are more sellers than buyers
• C)a seller's market in which demand is greater than supply
• D)a market that sells only intangible products
• E)no market

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Definitions:

Source Of Cash

Refers to activities or transactions that increase the cash balance, including operating activities, financing, and investing.

Credit Restrictions

Refers to the limitations imposed by lenders on the amount of credit extended to borrowers to manage risk.

Flexible Policy

An adaptable approach in decision-making processes or strategies that allows for adjustments based on changing circumstances.

Production Manager

An individual responsible for overseeing the production process, coordinating all activities related to the actual production of goods or services.