Firms with a _____ Orientation Focus on the Internal Capabilities

question 138

Multiple Choice

Firms with a _____ orientation focus on the internal capabilities of the firm rather than on the desires and needs of the marketplace.

• A) sales
• B) production
• C) market
• D) customer
• E) customer-benefit

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Definitions:

Strategic Management

The method of creating, executing, and assessing interdisciplinary decisions that help an organization fulfill its goals.

Just-in-time Scheduling

A production strategy that reduces inventory costs by receiving goods only as they are needed for the production process.

Economic Order Quantity

Is a model used in inventory management to determine the optimal order size that minimizes the total holding costs and ordering costs.

Management by Objectives

Management by objectives is a strategic management model where goals are defined for each employee and performance is assessed based on these goals.