What Type of Orientation Does a Company Have When It

question 26

Multiple Choice

What type of orientation does a company have when it sets its goals and strategies based on what its current equipment can produce,what products engineering can design,and what the company itself can do best?

• A)marketplace
• B)sales
• C)production
• D)exchange

---

Definitions:

Demand Elasticity

The measure of how much the quantity demanded of a good or service changes in response to a change in price, indicating the sensitivity of consumers to price changes.

Coffee Mugs

Drinking vessels, typically made of ceramic, used for serving hot beverages such as coffee.

Quantity Sold

The total number of units of a product or service that have been purchased by consumers during a specific period.

Lemon Cakes

A type of cake flavored with lemon, often featuring lemon zest or juice in the recipe for a tart flavor.