An Organization with a Market Orientation

question 98

Multiple Choice

An organization with a market orientation

• A)focuses its efforts on continuously collecting information about the environment,keeping abreast of competitors' actions,and using this information to create product innovation.
• B)identifies prospective buyers,understands them intimately,and develops favorable long-term perceptions of the organization and its offerings so that they will choose it in the marketplace.
• C)strives to satisfy the needs of consumers while also trying to achieve its goals.
• D)satisfies the needs of consumers in a way that provides for society's well-being.
• E)focuses its efforts on continuously collecting information about customers' needs,sharing this information across departments,and using it to create customer value.

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Definitions:

External Locus

Refers to an external locus of control, a belief that outcomes in one's life are largely influenced by external forces or fate rather than personal actions.

Type B Personality

A personality type characterized by a relaxed, patient, and easy-going nature, often contrasted with the more competitive and high-stress Type A personality.

Type A Personality

Type A personality is characterized by high levels of competitiveness, self-imposed stress, and a constant sense of urgency.

Perceive Major Life Changes

The recognition or awareness of significant transformations in one's personal life circumstances.