What Type of Orientation Do Firms Have When They Focus

question 70

Multiple Choice

What type of orientation do firms have when they focus on the internal capabilities of the firm,rather than on the desires and needs of the marketplace?

• A)sales
• B)production
• C)market
• D)customer

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Definitions:

Negotiation

A discussion aimed at reaching an agreement, where parties involved resolve differences, produce a solution or find a middle ground.

Nation Bank

Likely a typographical error, but if referring to "National Bank," then it's a commercial bank chartered by the federal government in the United States.

Good Faith Purchaser

A Good Faith Purchaser is someone who buys property without knowledge of any prior claims, disputes, or flaws related to the property, thereby obtaining legal ownership.

Holder In Due Course

A legal term referring to a person who has acquired a negotiable instrument in good faith and for value, and thus has certain rights above the original payee.