In Which Era of Business Do Managers Focus on Efficiency

question 100

Multiple Choice

In which era of business do managers focus on efficiency, and the customer is an afterthought?

• A) the entrepreneurship era
• B) the marketing era
• C) the production era
• D) the relationship era

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Definitions:

Forward Rate

An agreed-upon price for a financial transaction that will occur at a future date.

Direct Quote

A quotation in the foreign exchange market that expresses the amount of foreign currency required to buy or sell one unit of the domestic currency.

Direct Quote

A report of the exact words used by a speaker or writer, typically enclosed in quotation marks.

British Pounds

The official currency of the United Kingdom, also known as GBP or Sterling, used as a benchmark currency internationally.