_____________________________ Are the Ultimate Standards of Performance in a Market-Oriented

question 73

Short Answer

_____________________________ are the ultimate standards of performance in a market-oriented economy.These measure the net income that remains for owners after all expenses (except stockholder dividends)have been charged against revenues.

---

Definitions:

Promotional Activities

Marketing efforts aimed at increasing awareness, sales, and interest in a product or service through various strategies and channels.

Profitable

A financial state or condition where income exceeds expenses, leading to a net gain.

Retailers

Businesses or individuals that sell goods directly to consumers for their use and consumption, acting as the final link in the supply chain.

Vertical Contracts

Agreements between companies at different levels of the supply chain, such as between a manufacturer and a retailer, to govern the terms of purchase and sale.