A Market-Oriented Firm Defines Its Business in Terms Of

question 53

Multiple Choice

A market-oriented firm defines its business in terms of:

• A) goods and services
• B) the benefits its customers seek
• C) employee empowerment
• D) competitive position
• E) customer satisfaction

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Definitions:

Compulsion

A strong, usually irresistible impulse to perform an act, especially one that is irrational or contrary to one's will.

Delusion

A false belief held with strong conviction despite superior evidence to the contrary.

Hallucination

A perception in the absence of external stimulus that has qualities of real perception, often involving seeing, hearing, or feeling something that isn't there.

Posttraumatic Stress Disorder

A psychiatric disorder that may occur in people who have experienced or witnessed a traumatic event, characterized by flashbacks, nightmares, and severe anxiety.