Which of the Following Holds True for Value-Oriented Companies

question 100

Multiple Choice

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

• A)They focus on selling 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:

Functional Organizations

A type of organizational structure that groups employees based on their specialized roles or functions.

Functional Expertise

The specialized knowledge or skills in a specific field or function, contributing to organizational success.

Economies of Scale

Cost advantages that enterprises obtain due to scale of operation, with cost per unit of output generally decreasing with increasing scale.

Function Based Divisions

Organizational structuring where a company is divided into departments based on functions such as marketing, finance, or production.