The Minivans Were Developed Through an Extensive Investment in Research

question 10

Multiple Choice

The minivans were developed through an extensive investment in research and development to completely redesign the minivans and provide customers with new and updated features.This effort is designed to better meet consumers' wants and needs,and suggests the company has adopted which type of orientation?

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

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Definitions:

Business Assets

Resources owned by a business that have economic value and can be used to generate income or provide future benefits.

Liabilities

Financial obligations or debts that a company owes to external parties, which need to be settled over time.

Liquidity

Liquidity is the ability of an asset to be quickly converted into cash or other assets without significant loss of value, indicating a company's ability to meet its short-term obligations.

Asset Management

The practice of effectively managing a company's tangible and intangible assets to maximize their value.