Predicting What Types of Bicycles Different Customers Will Want and Deciding

question 137

Multiple Choice

Predicting what types of bicycles different customers will want and deciding which of these customers the business will try to satisfy are activities a firm should do as part of

• A) production.
• B) a command economy.
• C) marketing.
• D) making goods or performing services.
• E) a production orientation.

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Definitions:

Outputs

The final products, services, or results generated by a system, process, or project.

Foundry

A workshop or factory for casting metal, where molten metal is poured into molds to create various shapes.

Manhole Covers

Heavy removable plates placed over the openings of manholes to prevent accidental falls into them and to block unauthorized access to the municipal services below.

Productivity

A measure of efficiency that calculates the amount of output produced per unit of input.