Which of the Following Companies Has a Product-Oriented Business Definition

question 55

Multiple Choice

Which of the following companies has a product-oriented business definition?

• A) A luxury hotel, whose business definition is: "We sell out-of-the-world experiences to our guests."
• B) A real estate company, whose business definition is: "We sell dreams."
• C) A cosmetic company, whose business definition is: "We offer hope and self-expression."
• D) A shoe manufacturer, whose business definition is: "We manufacture affordable and long-lasting shoes for all."
• E) A high-technology company, whose business definition is: "We sell inspirations."

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Definitions:

Mutual Mistake

An error shared by all parties in a contract, leading to a misunderstanding regarding a fundamental fact or element of the agreement.

Fraud

Deliberate deception or misrepresentation intended to result in an unfair or unlawful gain.

Reformation

A legal remedy where a written agreement is officially corrected or amended to accurately reflect the true intentions of the parties involved.

Renegotiate

The process of revising the terms of an existing agreement or contract.