In the United States,the Basic Objective of the Market-Directed Economic

question 27

Multiple Choice

In the United States,the basic objective of the market-directed economic system has been to

• A)ensure the survival of business firms.
• B)find a reasonable balance between consumer satisfaction and business profits.
• C)reduce the cost of marketing activities.
• D)satisfy consumer needs as the consumers themselves see them.
• E)satisfy consumer needs as seen by marketing managers.

---

Definitions:

Interest Rate

The percentage of a sum of money charged for its use, typically expressed on an annual basis.

Put Option

A financial contract giving the option buyer the right, but not the obligation, to sell a specified quantity of an asset at a set price (the strike price) within a specified time.

Expiration

In finance, this term typically refers to the date on which a contract, such as an option or futures contract, ceases to exist and the final settlement or exercise must occur.

Selling

The process of giving or exchanging an item of value for money; a fundamental concept in economics and commerce.