The Ultimate Objective of Every Firm,such as Apple and Starbucks,must

question 53

Multiple Choice

The ultimate objective of every firm,such as Apple and Starbucks,must be to

• A) sell either to other firms or to consumers.
• B) satisfy the needs of its customers.
• C) pay out money to cover the various expenses of doing business.
• D) know that people generally buy a product and store it.
• E) make it impossible to satisfy customers.

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Definitions:

Legal Representation

The act of having a lawyer or attorney conduct legal affairs and defend or advise in legal matters on one's behalf.

Insurance Coverage

Refers to the amount of risk or liability that is covered for an individual or entity by way of insurance services.

Vehicle Insurance

Insurance coverage for cars, trucks, motorcycles, and other road vehicles, primarily providing financial protection against physical damage or bodily injury resulting from traffic collisions.

Property Insurance

Insurance that provides financial reimbursement to the owner or renter of a structure and its contents, in case of damage or theft.