Which of the Following Is a Characteristic Which Distinguishes Profit-Oriented

question 55

Multiple Choice

Which of the following is a characteristic which distinguishes profit-oriented firms from non-profit organizations?

• A)​Profit-oriented businesses tend to focus their marketing activities on one public - their customers
• B)​Not-for-profit organizations seek to generate revenues above and beyond their costs to make money for all stakeholders involved
• C)​Not-for-profit organizations do not market tangible goods
• D)​Profit-oriented businesses often operate as a monopoly in their industry

Distinguish between different types of excellence strategies (operational, product, locational).

Comprehend the role and structure of a mission statement in strategic planning.

Grasp the mechanism and importance of evaluating marketing strategies and performance.

Recognize the importance of conducting a SWOT analysis in strategic planning.

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Definitions:

Weak Ego

Indicates an individual's lack of strength or development in the ego, affecting their self-esteem and ability to manage impulses.

Collectivism

The principle or practice of giving a group's needs and goals precedence over individual desires or ambitions.

Individualist Cultures

Societies that emphasize personal achievement, autonomy, and individual rights, often prioritizing individual goals over group objectives.

Family Obligations

The responsibilities and duties that individuals may have towards their family members.