Nessca Corp

question 9

Multiple Choice

Nessca Corp. manufactures electronic gadgets. It instructs its marketing team to competitively advertise and promote its gadgets. The company, instead of believing in market research, believes that the market will absorb more products if customers are made aware of the products. The workforce of Nessca Corp. is most likely to:

• A)be inward looking, focusing on selling what the firm makes.
• B)take responsibility for the customers' well-being and interests.
• C)assume that sales depend on a customer's decision to purchase a product.
• D)focus on determining the needs of the customers rather than selling aggressively.

Understand the historical impact and consequences of specific economic policies and revolutions.

Identify statements about economic systems and evaluate their accuracy.

Understand the concept of public goods and their characteristics.

Comprehend the principles of market failures, including externalities and inefficiencies.

---

Definitions:

Activity Variance

The difference between the budgeted cost for an activity level and the actual cost incurred, indicating deviations from planned performance.

Net Operating Income

A company's income after operating expenses have been deducted, but before income taxes and interest expenses are taken into account.

October

The tenth month of the year in the Gregorian calendar, often associated with autumn in the Northern Hemisphere.

Refurbishment Company

A business specializing in the process of renovating or restoring products to their original condition or better.