Which of the Following Holds True for Market-Oriented Companies

question 108

Multiple Choice

Which of the following holds true for market-oriented companies?

• A)They try to sell as many of their products as possible rather than focus on making products consumers really want.
• B)They focus on giving their customers better worth (monetary and non-monetary) for the products than their competitors.
• C)They focus on developing and distributing innovative products with little concern about whether the products best satisfy customers' needs.
• D)They focus on the extension of a single brand name to market products in different product categories.
• E)They focus on what consumers want and need before they design, make, or attempt to sell
• Their products and services.

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Definitions:

Horizontal Axis

In a graph or chart, the x-axis, which typically represents the independent variable or the base measure for comparison.

Pie Chart

A pie chart is a circular statistical graphic divided into slices to illustrate numerical proportion. Each slice represents a category's contribution to the whole.

Observations

Individual instances or data points collected during a study or experiment.

Sample Size

The number of observations or units included in a sample, which can influence the accuracy of statistical estimates.