Which of the Following Statements Explains Why Businesses Moved from the Production

question 73

Multiple Choice

Which of the following statements explains why businesses moved from the production orientation stage to the sales orientation stage?

• A)The population was moving away from urban areas.
• B)There were too many customers to serve.
• C)Competition grew as the production of goods increased.
• D)Advertising was becoming a major marketing force.

Compute payments for loans and leases using time value of money concepts.

Determine the best financial option between lump sum and annuity payments.

Understand the application of compound interest in savings and retirement planning.

Understand the basic concept of present value and how to compute it for lump sums and annuities.

---

Definitions:

Internal Attributions

The inference that a person's behavior is caused by their personality, disposition, or character rather than external factors.

Consistency

The quality of achieving a level of performance which does not vary greatly in quality over time.

Distinctiveness

refers to the feature or quality that makes a person or thing unique or different from others.

Consensus

a general agreement among the members of a given group or community, each of whom exercises some degree of influence.