Which of the Following Is the Principle Objective of a Market-Oriented

question 87

Multiple Choice

Which of the following is the principle objective of a market-oriented mission statement?

• A) to satisfy basic customer needs
• B) to satisfy basic supplier needs
• C) to satisfy basic stockholder needs
• D) to satisfy basic owner needs
• E) to satisfy basic partnership needs

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Definitions:

Title Transfer

The legal process of transferring ownership of property, such as real estate or a vehicle, from one party to another.

Respondeat Superior

A legal doctrine holding an employer or principal legally responsible for the wrongful acts of an employee or agent.

Tort

A civil wrong or infringement of a right leading to legal liability, distinct from breach of contract.

Principal Liability

refers to the legal responsibility of a principal (an individual or entity) for the actions of their agents or representatives conducted within the scope of their agency or employment.