Which One of the Following Statements by a Company President

question 156

Multiple Choice

Which one of the following statements by a company president best reflects the marketing concept?

• A) We have organized our business to make certain that customers get what they want.
• B) We believe that the marketing department must organize to sell what we produce.
• C) We have organized an aggressive sales force in our company to promote our products.
• D) We try to produce only high-quality, technically efficient products.
• E) We try to encourage company growth.

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Definitions:

Reagan Administration

The Reagan Administration, led by President Ronald Reagan from 1981 to 1989, is known for its conservative policies, including tax cuts, deregulation, and increased defense spending.

Aggregate Demand

The total demand for all goods and services in an economy at various price levels, essentially summarizing the demand side of the economy.

Policies

Guiding principles or courses of action adopted by an organization, government, or individual to achieve certain goals.

Stagflation

A situation in the economy where inflation and unemployment rates are high simultaneously.