Which of the Following Statements Reflects the Philosophy of the Market-Oriented

question 106

Multiple Choice

Which of the following statements reflects the philosophy of the market-oriented era?

• A) A good product will sell itself.
• B) The customer is king.
• C) Firms should take advantage of a seller's market.
• D) Advertising and personal selling should be emphasized in order to make the sale.
• E) Firms should focus on value.

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Definitions:

Genital Stage

The final stage of Freud's psychosexual development theory, focusing on mature sexual interests and activities.

Latency Stage

In psychoanalytic theory, a period in childhood development characterized by a suppression of sexual impulses and a focus on expanding social contacts beyond the family.

Biological Urges

Innate drives or impulses stemming from biological needs that influence human behavior, such as hunger, thirst, and sexual desire.

Social Contacts

Interactions and connections with other people, ranging from casual acquaintances to close personal relationships.