Which of the Following Holds True for Product-Oriented Companies

question 1

Multiple Choice

Which of the following holds true for product-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 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:

Opportunities in Accounting

The various career paths and growth prospects available within the field of accounting.

Private Accounting

A field of accounting that involves working within a company to process financial transactions, manage financial records, and prepare internal financial reports.

Public Accounting

The field of accounting that involves providing assurance, tax, and consulting services to the public, typically performed by certified public accountants (CPAs).

Revenue Recognition

Revenue recognition is an accounting principle that outlines the specific conditions under which revenue is recognized or accounted for.