Which of the Following Strategies Illustrates a Market Orientation

question 28

Multiple Choice

Which of the following strategies illustrates a market orientation?

• A)Targeting the average consumer
• B)Implementing centralization
• C)Increasing overhead production costs
• D)Creating customer value

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Definitions:

Credit to Cash

An accounting entry that indicates a decrease in an asset account, specifically reducing cash available.

Freight In

The cost associated with transporting goods into a warehouse or to the buyer, which is often included in the inventory cost of those goods.

Net Purchases

The total amount of purchases made by a business after subtracting returns, allowances, and discounts.

Cost of Goods Sold

The immediate expenditures associated with making the goods a company sells.