T-Mobile Implements a Program of Texting Its Current Customers to Find

question 27

Multiple Choice

T-Mobile implements a program of texting its current customers to find out what changes they would like to see in the services provided. The firm is exhibiting characteristics associated with which of the following orientations?

• A) Production
• B) Sales
• C) Market
• D) Social
• E) Development

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Definitions:

Simplifying Assumptions

Basic assumptions made in economic models to eliminate complex factors and make analysis more manageable, even if they might not fully hold in the real world.

Economic Models

Theoretical constructs that represent economic processes by a set of variables and a set of logical and/or quantitative relationships between them.

Policies

Guidelines or principles adopted by an organization, government, or individual to guide decision-making and achieve desired outcomes.

Positive Economics

The branch of economic analysis that describes the way the economy actually works.