A ________ Orientation Refers to the Process of Determining the Wants

question 176

Multiple Choice

A ________ orientation refers to the process of determining the wants and needs of customers and then providing goods and services to meet their expectations.

• A)market share
• B)profit
• C)customer
• D)production

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Definitions:

Inefficiently

A descriptor for processes or activities that do not use resources in the best possible way, resulting in wasted effort or energy and not achieving maximum productivity.

Economic Growth

Economic growth refers to an increase in the productive capacity of an economy, evidenced by a rise in national income, goods, and services over a period of time.

Technology Advances

The progression and innovation in technology that improve efficiency, productivity, and the quality of life.

Additional Resources

Resources available in addition to those already being used or allocated, often referring to economic or educational assets.