Many US Automakers Have Failed Because They Were Not Marketing Oriented

question 37

True/False

Many U.S. automakers have failed because they were not marketing oriented.

---

Definitions:

Lower Limit

The smallest value that a given set, statistical sample, or data category can take on or be assigned.

Upper Limit

The maximum level or value that can be reached or is allowable in a given context.

Supply and Demand

Fundamental economic model describing how prices vary as a result of a balance between product availability and consumer demand.

Price Floor

A government or group-imposed price control that sets the lowest legal price a commodity can be sold at.