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:

Risk

Exposure to the possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or situation involving such a possibility.

Mutual Coercion

A concept often applied in social sciences referring to the use of regulations or laws to limit behaviors that are harmful to the community.

Tragedy Of The Commons

A situation in which individual users deplete or spoil a shared resource due to collective overuse.

Cap-And-Trade System

An environmental policy tool that sets a limit on emissions and allows entities to buy and sell permits for emitting greenhouse gases.