Which of the Following Companies Has a Market-Oriented Business Definition

question 66

Multiple Choice

Which of the following companies has a market-oriented business definition?

• A) An electronics company, whose business definition is: "We produce microchips."
• B) A hotel, whose business definition is: "We rent rooms."
• C) An apparel company, whose business definition is: "We make and sell women's clothing."
• D) A cosmetic company, whose business definition is: "We sell hope and self-esteem."
• E) A pizzeria, whose business definition is: "We sell the world's most delicious thin-crust pizzas."

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Definitions:

Firms

Entities that produce goods or provide services, typically with the aim of making a profit.

Monetary Policy

The actions of a central bank, currency board or other regulatory authorities that determine the size and rate of growth of the money supply, which in turn affects interest rates.

Circular-Flow Diagram

A visual model showing the interactions between households and firms in an economy, illustrating the flows of goods and services and factors of production in markets.

Factors Of Production

The resources including labor, land, capital, and entrepreneurship, that are used in the production of goods and services.