Which of the Following Statements Is True of Customer-Oriented Visions

question 15

Multiple Choice

Which of the following statements is true of customer-oriented visions?

• A) Customer-oriented visions identify how a customer need will be met.
• B) Customer-oriented vision statements are not the same as listening to your customer.
• C) Customer-oriented visions reduce a company's ability to adapt to a changing environment.
• D) Customer-oriented visions define a business in terms of goods or services provided.

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Definitions:

Federal Reserve

The leading bank system in the US tasked with managing and regulating America's financial and currency systems.

Deficit Spending

The practice of a government spending more money than it receives in revenue over a specific period, often leading to borrowing.

Stock Markets

Marketplaces where stocks (shares) of publicly held companies are bought and sold, influencing the economy and individual wealth.

Economic Generation

The cohort of individuals born and living at about the same time, regarded collectively as participants in the market economy.