According to Peter Drucker,which of the Following Is Most Essential

question 34

Multiple Choice

According to Peter Drucker,which of the following is most essential to defining the purpose and strategy of a business?

• A)production efficiencies
• B)customer needs
• C)cross- cultural sales
• D)value added profits

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Definitions:

Florist

A professional or business that specializes in the arrangement and sale of flowers and floral displays.

Production Function

A mathematical relation between quantities of input and output in production, specifying the maximum output achievable from different combinations of input.

Total-Cost Curve

A graphical depiction showing the total cost of producing different levels of output, illustrating the relationship between production volume and total costs.

Production Possibilities Frontier

A graph that shows the combinations of output that the economy can possibly produce given the available factors of production and the available production technology.