Comparing the Business Practices of the 1950s to Those of Today

question 98

Multiple Choice

Comparing the business practices of the 1950s to those of today indicates that today's marketing managers

• A) have a more ambitious goal of not just satisfying customers, but of exceeding their expectations.
• B) are much more focused on production and mass marketing.
• C) put less emphasis on earning a profit, since doing so makes it harder to satisfy the needs of the firm's stakeholders.
• D) operate essentially the same as their predecessors.

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Definitions:

Tax Deductible

Expenses that can be subtracted from gross income to reduce taxable income, ultimately decreasing the tax owed.

Dividends

Money distributed to shareholders by a corporation, usually from the company's profits.

Business Expense

Costs incurred in the ordinary course of business, including salaries, rent, and office supplies, among others.

Dividend Growth Rate

The yearly percent increase in a corporation's dividends for each share.