One of the Organizational Objectives of Valpo Industries,a Pharmaceutical Firm,is

question 72

Multiple Choice

One of the organizational objectives of Valpo Industries,a pharmaceutical firm,is "to develop a new line of drugs for the treatment of life-threatening diseases such as cancer and AIDS,through the use of patented technology and processes." According to Drucker,this objective relates to ________.

• A)market standing
• B)innovation
• C)productivity
• D)profitability
• E)public responsibility

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Definitions:

Qualified Person

An individual who has the necessary skills, knowledge, certifications, or qualifications to perform a specific job or task.

Goods or Services

Products that can be physically touched or activities provided to customers, respectively, both of which satisfy consumer needs and wants.

Prospect

A potential customer or client who has been identified as fitting a target market for a product or service, but has not yet made a purchase.

Qualifying Process

The steps taken to determine a prospective customer's needs, abilities to buy, and overall suitability for a product or service.