A Producer with a Marketing Orientation Is MOST Likely to

question 117

Multiple Choice

A producer with a marketing orientation is MOST likely to

• A)distribute the product according to customer needs.
• B)distribute the product in as many retail outlets as possible.
• C)provide overnight express shipping at an extra cost.
• D)use e-commerce as a key element in distribution.
• E)distribute directly from the producer to the consumer.

---

Definitions:

Terms of Trade

The ratio of export prices to import prices. It shows how much import goods a country can buy for each unit of export goods it sells.

Production Possibilities

A curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors.

Economic Efficiency

Economic efficiency occurs when resources are optimally allocated to serve the needs of a society without any waste.