The ________ Orientation in Business Assumes That Consumers Are Mostly

question 14

Multiple Choice

The ________ orientation in business assumes that consumers are mostly interested in product availability at low prices.

• A) marketing
• B) societal
• C) product
• D) production
• E) technology

---

Definitions:

Warehousing Cost

Expenses related to storing goods in a warehouse, including rent, utilities, labor, and inventory handling charges.

Procurement Aggregation

The combining of procurement requirements for several departments or divisions of a business to secure better terms and prices from suppliers.

Economies of Scale

Cost advantages that a business achieves due to expansion, which typically results in lower per-unit costs.

Transaction Cost

Expenses incurred during the process of buying or selling goods and services, beyond the price of the products.