In a Market-Directed System

question 125

Multiple Choice

In a market-directed system:

• A) the emphasis lies in optimizing the rate of production.
• B) the government decides what products should be produced to meet the people's needs.
• C) firms do not rely on customer satisfaction as it is impossible to measure.
• D) customer satisfaction has very little importance.
• E) it is up to each customer to decide how effectively individual firms satisfy his or her needs.

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Definitions:

Emotional Support

Assistance and comfort provided to someone, helping them deal with emotional stress and problems.

Social Context

The environment or background in which a situation or event occurs, including cultural, historical, and interpersonal factors.

Ethnic Origins

Refers to the background, heritage, or lineage of an individual, often associated with a specific cultural or national identity.

Swinging

Refers to the practice of extradyadic sex with members of another couple.