Discovering Consumer Needs Leads to

question 202

Multiple Choice

Discovering consumer needs leads to

• A)purchases by customers.
• B)stakeholder rewards.
• C)sales and manufacturing department outcomes.
• D)supplier and distributor outcomes.
• E)concepts for new products.

Recognize the optimal reporting relationships and roles of the human resources department within an organization.

Understand the impact of technology on job search and recruitment practices.

Recognize the role and effectiveness of various job search platforms and social media in recruitment.

Identify the demographic trends in the use of different social media platforms.

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Definitions:

Loanable Funds

The total funds available from savers for borrowing in the financial markets, used for investments, purchasing goods, or other purposes.

Private Investment

Spending by businesses or individuals on capital goods, such as factories, machinery, and homes, which is used to produce goods or services.

Demand For Loanable Funds

The total quantity of loans that borrowers are willing to take out at various interest rates, holding all else equal.

Equilibrium Interest Rate

The interest rate at which the quantity of loanable funds demanded equals the quantity supplied, leading to a balance in the money market.