A Company Produces a High-Quality Product, with a Maximum Monthly

question 93

Multiple Choice

A company produces a high-quality product, with a maximum monthly output of 10,000 units.Production levels are constant and the company relies on its marketing department to find customers.What era of marketing history is this approach consistent with?

• A) production era
• B) relationship era
• C) sales era
• D) marketing era

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Definitions:

Issued

The act of officially distributing or making something available, such as a public statement, document, currency, or security.

MBCA

Model Business Corporation Act, a template for state corporation statutes that provides legal guidelines for corporate governance and operations.

Articles of Incorporation

Legal documents filed with the state government to legally establish a corporation.

Proper Consideration

The requirement in contract law that something of value must be exchanged between the parties to form a valid contract.