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Jogan Electronics Manufactures Television Sets

question 28

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Jogan Electronics manufactures television sets. It gathers all the components required to make a television set before customers book television sets for purchase. It accumulates all the necessary materials for production from its suppliers and ensures that it has all the parts to manufacture the television sets before it receives a customer order. This type of operation is called a(n) _____.


Definitions:

Exchanging Offerings

The process of trading value between buyers and sellers, typically involving goods, services, or information.

Marketing Concept Era

A period characterized by businesses increasingly focusing on understanding and satisfying the wants and needs of consumers in their marketing strategies.

Mid-19th Century

A period referring to the middle decades of the 19th century, often associated with significant industrial, social, and political change in many countries.

Early 21st Century

The period from the year 2000 through the first decade, characterized by rapid technological advancements, globalization, and significant social and political changes.

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