A Market- Oriented Company Is One That Keeps a Close

question 77

True/False

A market- oriented company is one that keeps a close eye on customer trends and customer preferences, but pays only minimal attention to competitors' activities.

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Definitions:

Full-line Discount Store

Retail establishments that offer a wide range of products at reduced prices, typically in a large-store format.

Service Retailer

A firm that primarily sells services rather than merchandise.

Pharmaceutical

Relating to the preparation, dispensing, and effective use of medicinal drugs for treating or preventing diseases.

Personal Grooming

Relates to an individual's routine to maintain cleanliness, appearance, and hygiene for personal and professional impressions.