Which of the Following Statements About Product-Oriented Visions Is True

question 63

Multiple Choice

Which of the following statements about product-oriented visions is true?

• A) They tend to force managers to take a myopic view of the landscape.
• B) They allow companies to effectively adapt to changing environments.
• C) They define a business in terms of providing solutions to customers.
• D) They allow firms to take a need-based approach to their goals.

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Definitions:

Capital Account

The capital account records the exchanges of financial assets and liabilities between a country and the rest of the world, including direct investment and loans.

Current Account

A component of a country's balance of payments that includes transactions in goods, services, primary income, and secondary income flows between domestic and foreign entities.

Demand

The quantity of a good or service that consumers are willing and able to purchase at different prices.

British Pounds

The currency of the United Kingdom, symbolized as GBP, and commonly referred to as the pound sterling.