Why Would a Company Set Need-Satisfying Objectives

question 94

Multiple Choice

Why would a company set need-satisfying objectives?

• A)To create demand in a static environment.
• B)To take full advantage of the consumer trend to eat out more.
• C)To shift its organizational structure from a transformational to a transactional mode.
• D)To shift the organization's view from a production orientation to concern for the needs of its target market.
• E)To provide equity to its stakeholders.

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Definitions:

Cumulative Percent Frequency

A measure used in statistics to describe the percentage of data points that fall within a certain category or below a specified value, accumulating from the start of the data set.

Total Number

The aggregate count or sum of all units or elements within a specified set or collection.

Data Set

A collection of related data points or values that have been gathered to be analyzed or used as a basis for decision-making.

Cumulative Relative Frequency

A calculation used in statistics to summarize data by accumulating percentages of observations in ascending order.