Market-Driven Firms Demonstrate

question 26

Multiple Choice

Market-driven firms demonstrate:

• A)the coordinated use of interfunctional resources (for example, research and development, manufacturing).
• B)a set of values and beliefs among employees that places the customer's interests first.
• C)the ability to generate, disseminate, and productively use superior information about customers and competitors.
• D)all of the answer choices.
• E)both a set of values and beliefs among employees that places the customer's interests first and the ability to generate, disseminate, and productively use superior information about customers and competitors.

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Definitions:

Established Business Ownership

Ownership of a business that has a track record of operations and revenue, distinguishing it from new ventures or startups.

Innovation-Driven Economies

Economies that are characterized by a high level of investment in knowledge and technology and have a strong focus on research and development leading to innovation.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and running a new business venture.

Vision

A clear and inspiring long-term goal or image of what an organization or individual aims to achieve in the future.