A Product-Oriented Company Focuses on ________

question 27

Multiple Choice

A product-oriented company focuses on ________.

• A) the competitors' products
• B) the customers' needs
• C) its own products
• D) the selling process
• E) the competitors and the customers

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Definitions:

Ruble

The Ruble is the official currency of Russia, historically subject to fluctuations and significant changes over time.

Current Account Surplus

A current account surplus occurs when a country's total exports of goods, services, and transfers exceed its total imports, indicating it is earning more from foreign trade than it is spending.

Unilateral Tariff

Tariffs imposed by one country on the imports from all or specific nations, without reciprocal action.

Imported Goods

are items brought into a country from abroad for sale or use, typically involving a transaction between an importer and a foreign producer.