A Market-Oriented Firm Has a Competitive Advantage Over Its Sales-Oriented

question 9

Multiple Choice

A market-oriented firm has a competitive advantage over its sales-oriented counterpart because ______.

• A) it focuses on aggressive sales techniques to sell its products
• B) it focuses primarily on the internal capabilities of the firm
• C) it enhances individuals' and society's long-term best interests
• D) it defines its business in terms of benefits its customers seek

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Definitions:

Tax-Qualified

Pertains to financial accounts or plans that meet government standards for receiving tax advantages.

Retirement Benefit Plan

A financial arrangement designed to provide individuals with an income or benefits upon retirement, often sponsored by employers or governments.

Due Diligence

An investigative process performed by investors or companies to assess the viability, risks, and opportunities of a prospective deal, investment, or partnership.

Venture Capitalist

An investor who provides capital to startups or small businesses with high growth potential in exchange for equity or partial ownership.